P50 Output definition
P50 Output means the amount of Net Electric Energy expected to be available for delivery to the Delivery Point during the applicable Contract Year, with a probability of exceedence of 50%, as calculated by a recognized wind expert to be selected by Seller, and established as of the Commercial Operation Date and updated as of the date of Commercial Operation of the last remaining Project Turbine.
P50 Output means the expected annual output (expressed in MWh) for the Facility in every Contract Year on a fifty per cent (50%) probability basis, as evidenced by a report from an independent and experienced technical adviser. Parent Company Guarantee means a guarantee from a Creditworthy Entity.
Examples of P50 Output in a sentence
Seller’s failure to cause such amount to be equal to or greater than seventy-five percent (75%) of the P50 Output during such Contract Year, shall be an Event of Default, and Buyer shall have the rights and remedies set forth in Article 7.