Renewable Attribute definition
Renewable Attribute means an aspect, claim, characteristic or benefit associated with the generation of a quantity of electricity by a renewable energy facility, other than the electric energy produced, including all of the following identified with a particular megawatt hour of generation by a renewable energy facility: (i) the renewable energy facility’s use of a particular renewable energy source; (ii) avoided NOx, SOx, CO2, or any other greenhouse gas emissions; and (iii) avoided water use (but not water rights or other rights or credits obtained pursuant to requirements of applicable law in order to site and develop the renewable energy facility itself). Renewable Attributes specifically exclude tradable emission allowances under a mandatory cap and trade program or other entitlements to produce emissions which have or may be issued by a governmental authority and allocated to a renewable energy facility. Renewable Attributes do not include production tax credits or other direct third-party subsidies for generation of electricity by any specified renewable energy facility.
Renewable Attribute means any renewable attribute that the Facility may possess, including but not limited to renewable energy credits and low emissions attributes.
Renewable Attribute means all environmental characteristics, environmental claims, environmental credits, environmental benefits, environmental emissions reductions, environmental offsets, environmental allowances and environmental allocations, howsoever characterized, denominated, measured or entitled, attributable to Delivered Peak Demand Savings and/or Capacity at any time during the Term, including any such attributes initially created, denominated or defined after the Execution Date. Renewable Attributes include but are not limited to: (i) any avoided emissions of pollutants to the air, soil or water including but not limited to sulfur oxides (SOx), nitrogen oxides (NO), carbon monoxide (CO), particulate matter and other pollutants; (ii) any avoided emissions of carbon dioxide (CO2), methane (CH4) and other greenhouse gases that have been or may be determined by the United Nations Intergovernmental Panel on Climate Change to contribute to the actual or potential threat of altering the Earth’s climate by trapping heat in the atmosphere; (iii) all set-aside allowances and/or allocations from emissions trading programs, including but not limited to allocations available under 6 NYCRR §§ 204, 237 and 238; and (iv) all credits, certificates, registrations, recordations or other memorializations of whatever type or sort, representing any of the above, including but not limited to all RECs. Renewable Attributes do not include (a) any Energy, Capacity, reliability or other power Products, such as Ancillary Services; (b) production or investment tax credits or grants associated with the construction, development or operation of the Project or other financial incentives in the form of credits, reductions, exemptions, deductions, adjustments or allowances associated with the Project that are applicable to a local, state or federal income taxation obligation; (c) fuel-related subsidies or “tipping fees” that may be paid to the Seller to accept certain fuels, or local subsidies received by the generator for the destruction of particular pre-existing pollutants or the promotion of local environmental benefits; or (d) emission reduction credits encumbered or used by the Project for compliance with local, state, or federal operating and/or air quality permits.
Examples of Renewable Attribute in a sentence
Prior to the Commencement Date and as required thereafter for Purchaser to claim, own, or realize the available benefits of any Renewable Attributes attributable to the Chugach Portion, Seller shall, at Purchaser’s cost and expense, make all applications or filings required by Applicable Law for Renewable Attribute accreditation and for the provision of such Renewable Attributes to Purchaser.
For direct generation ONLY, Customer shall complete and sign a Renewable Attribute Attestation associated with the RECs from the Project.
Prior to the Effective Date and as required thereafter for Purchaser to claim, own, or realize the available benefits of any Renewable Attributes attributable to the Chugach Portion, Seller shall, at Purchaser’s cost and expense, make all applications or filings required by Applicable Law for Renewable Attribute accreditation and for the provision of such Renewable Attributes to Purchaser.
More Definitions of Renewable Attribute
Renewable Attribute means an aspect, claim, characteristic or benefit associated with the generation of a quantity of electricity by a renewable energy facility, other than the electric energy produced, including all of the following identified with a particular megawatt hour of generation by a renewable energy facility: (i) the renewable energy facility’s use of a particular renewable energy source; (ii) avoided NOx, SOx, CO2 or any other greenhouse gas emissions; and (iii) avoided water use (but not water rights or other rights or credits obtained pursuant to requirements of applicable law in order to site and develop the renewable energy facility itself). Renewable Attributes specifically exclude tradable emission allowances under a mandatory cap and trade program or other entitlements to produce emissions, which have or may be issued by a governmental authority and allocated to a renewable energy facility. Renewable Attributes do not include production tax credits or other direct third-party subsidies for generation of electricity by any specified renewable energy facility.
Renewable Attribute means an aspect, claim, characteristic or benefit associated with the generation of a quantity of electricity by a renewable energy facility, other than the electric energy produced, including all of the following identified with a particular megawatt hour of generation by a renewable energy facility: (i) the renewable energy facility’s use of a particular renewable energy source; (ii) avoided NOx, SOx, CO2 or any other greenhouse gas emissions; and (iii) avoided water use (but not water rights or other rights or credits obtained pursuant to requirements of applicable law in order to site and develop the renewable energy facility itself). Renewable Attributes specifically exclude tradable emission allowances under a mandatory cap and trade program or other entitlements to produce emissions which have or may be issued by a governmental authority and allocated to a renewable energy facility. Renewable Attributes do not include production tax credits or other direct third-party subsidies for generation of electricity by any specified renewable energy facility. Member acknowledges and agrees that all Renewable Attributes and Renewable Energy Credits (“RECs”) associated with the solar electricity generated by MEMBER Coop Solar Shares shall benefit COOPERATIVE or Wabash Valley only. Any patronage resulting from the production of solar electricity from Solar Projects will be retired and paid in accord with the existing bylaws and policies of COOPERATIVE.
Renewable Attribute means renewable element of the solar energy used for meeting RPO by obligated entity or for generation of REC.
Renewable Attribute means all available environmental characteristics, environmental claims, environmental credits, environmental benefits, environmental emissions reductions, environmental offsets, environmental allowances and environmental allocations, existing now or in the future, howsoever characterized, denominated, measured or entitled, attributable to the energy output of a Project. Renewable Attributes include but are not limited to: (a) any avoided emissions of pollutants to the air, soil or water including but not limited to sulfur oxides (SOx), nitrogen oxides (NO), carbon monoxide (CO), particulate matter and other pollutants; (b) any avoided emissions of carbon dioxide (CO2), methane (CH4) and other greenhouse gases that have been or may be determined by the United Nations Intergovernmental Panel on Climate Change to contribute to the actual or potential threat of altering the Earth’s climate by trapping heat in the atmosphere; (c) all set-aside allowances and/or allocations from emissions trading programs; and (d) all renewable energy credits, certificates, green tags, registrations, recordations or other memorializations of whatever type or sort, representing any of the above.