P50 Quantity definition

P50 Quantity means the annual expected Energy deliveries at the Electric Interconnection Point from the Generating Facility at which there is a fifty percent (50%) probability that the actual Energy deliveries at the Electric Interconnection Point for a given year will exceed such annual expected amount and a fifty percent (50%) probability that the actual Energy deliveries at the Electric Interconnection Point for a given year will be less than such annual expected amount.
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P50 Quantity means the aggregate annual energy production of the Project, in kWhs, that is estimated in the Preliminary Wind Resource Assessment to have a fifty percent (50%) probability of being produced or exceeded in an average year over a 20-year study period.
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Examples of P50 Quantity in a sentence

  • Upon such payment, (x) the resizing of the Expected Capacity according to Section 3.8 shall become effective and (y) the Annual Expected Energy Quantity and Annual Guaranteed Energy Quantity shall be deemed adjusted to the P50 Quantity and the P90 Quantity, respectively, corresponding to the Final Capacity, as determined (subject to audit and 33 NTD: Amount to be calculated by multiplying the Expected Capacity by $500/MW.

  • The adjusted P50 Quantity and P90 Quantity for each Contract Year shall be determined (subject to audit and dispute by ▇▇▇▇▇), at Seller’s expense, by the independent engineer that determined the original Annual Expected Energy Quantity and Annual Guaranteed Energy Quantity or, if requested by ▇▇▇▇▇, by another qualified independent engineer mutually agreed upon by the Parties and shall be set forth in a report from such independent engineer provided to the Parties.