Renewable Energy Credits definition

Renewable Energy Credits or “RECs” – means a renewable energy credit as defined in the Green-e Energy National Standard and shall include all the renewable attributes associated with the applicable level of corresponding energy production.
Renewable Energy Credits means all certificates (including tradable renewable certificates), “green tags,” or other transferable indicia denoting carbon offset credits or indicating generation of a particular quantity of energy from a renewable energy source by a renewable energy facility attributed to the Output during the Term created under a renewable energy, emission reduction, or other reporting program adopted by a governmental authority, or for which a registry and a market exists or for which a market may exist at a future time.
Renewable Energy Credits means renewable energy credit(s) or certificates, emission reduction credits, emission allowances, green tags, tradable renewable credits, and Green-e products related to renewable energy production supplied from the System.

Examples of Renewable Energy Credits in a sentence

  • Figure 4 also shows sensitivities with respect to use of RECs (Renewable Energy Credits) to offset up to 10% of generation from natural gas and allowance for biofuel combustion turbines (RE-CT).

  • Solar Renewable Energy Credits = SRECs. SRECs put a price on the supply of solar relative to state-mandated demand.

  • Seller will, at its own cost, take any and all actions that are necessary to transfer through WREGIS any and all Environmental Attributes, including any and all Renewable Energy Credits that are certifiable under WREGIS.

  • Title to and risk of loss related to the Environmental Attributes will transfer from Seller to Buyer upon delivery thereof in accordance with the requirements of this Agreement, and in the case of any purchased Renewable Energy Credits will occur when such purchased Renewable Energy Credits have been credited to the Buyer WREGIS Account.

  • Otter Tail will also be retiring Renewable Energy Credits for all energy consumed at Company-owned DCFC sites.


More Definitions of Renewable Energy Credits

Renewable Energy Credits means certificates, green tags, or other transferable indicia indicating generation of a particular quantity of energy from a renewable energy source by a renewable energy facility attributed to all of the Energy Output during the Term created under a renewable energy, emission reduction, or other reporting program adopted by a governmental authority, or for which a registry and a market exists (which, as of the Effective Date are certificates issued by Green-e in accordance with the Green-e Renewable Electric Certification Program, National Standard Version 1.3 administered by the Center of Resource Solutions); excluding, however, all Environmental Incentives.
Renewable Energy Credits or “RECs” shall mean any contractual right to the full set of non-energy attributes, including any and all credits, benefits, emissions reductions, offsets, and allowances, howsoever entitled, directly attributable to a specific amount of capacity and/or electric energy generated from an Eligible Energy Resource, including any and all environmental air quality credits, benefits, emissions reductions, off-sets, allowances, or other benefits as may be created or under any existing or future statutory or regulatory scheme (federal, state, or local) by virtue of or due to the Facility’s actual energy production or the Facility’s energy production capability because of the Facility’s environmental or renewable characteristics or attributes, including any Renewable Energy Credits or similar rights arising out of or eligible for consideration in the M-RETS Program. For the avoidance of doubt, RECs excludes (i) any local, state or federal depreciation deductions, grants available under Section 1603 of the American Recovery and Reinvestment Act, or other tax credits providing a tax benefit to Seller based on ownership of, or energy production from, any portion of the Facility, including the investment tax credit that may be available to Seller with respect to the Facility under Applicable Laws, or cash grants in lieu of such credits or benefits, and (ii) depreciation and other tax benefits arising from ownership or operation of the Facility unrelated to its status as a generator of renewable or environmentally clean energy.
Renewable Energy Credits or “RECs” means the property rights to the environmental, social, and other non-power qualities of renewable electricity generation. The source of this definition is the US EPA.
Renewable Energy Credits or “RECs” means the right to all non-energy and environmental attributes (including economic, carbon and pollutant-related tags and credits, benefits, avoided or reduced emissions reductions, offsets, emission rate reductions, tags and allowances, howsoever titled) attributable to the capacity available and/or energy generated by the Facility, including environmental air quality credits, tags and allowances created by Applicable Law by virtue of the Facility’s environmentally favorable or renewable characteristics or attributes. “RECs” includes but is not necessarily limited to rights eligible for registration, trading and/or use under the REC Registration Program. In Colorado, “REC” shall include renewable energy credits as defined and used in Colorado’s Renewable Energy Standard, 4 CCR 723-3650 et seq. For the avoidance of doubt, “RECs” exclude (i) PTCs, ITCs and other local, state or federal tax credits providing a tax benefit to Seller based on ownership of the Facility or energy production therefrom, including the [production tax credit] [investment tax credit] that may be available to Seller with respect to the Facility under IRC [§45] [§48], and (ii) depreciation and other tax benefits arising from ownership or operation of the Facility unrelated to its status as a generator of renewable or environmentally clean energy.
Renewable Energy Credits means all “tradable renewable energy credits” as defined in 30V.S.A. § 8002(8) associated with a single unit of energy generated by the System. For the avoidance of doubt, Renewable Energy Credits shall not be deemed to include electric energy or any mandatory or voluntary federal, state or local renewable energy rebates, subsidies, incentive payments, tax credits, grants or other monetary benefits or incentives related to the System.
Renewable Energy Credits or “RECs” means all certificates for credits created by the generation of a particular quantity of energy from a renewable energy source by a renewable energy facility attributable to the Output during the Term created under the Virginia Renewable Portfolio Standard Program pursuant to Va. Code § 56-585.2.