Renewable Energy Certificate. A renewable energy certificate registered in, and fully compliant with, the New York (State) Generation Attribute Tracking System (“NYGATS”) operating rules, dated May 18, 2018, as may be amended from time to time.
Renewable Energy Certificate. The electronic record of generation data created by NYGATS and representing all of the attributes of one MWh of electricity generation from a RES Tier-1 Bid Facility registered with the NYGATS tracking system. The attributes represented in each Tier-1 Renewable Energy Certificate include all environmental characteristics, claims, credits, benefits, emissions reductions, offsets, allowances, allocations, howsoever characterized, denominated, measured or entitled, attributable to the generation of Actual Eligible Production by a Bid Facility, include but not limited to: (i) any direct emissions or any avoided emissions of pollutants to the air, soil or water including but not limited to sulfur oxides (SOx), nitrogen oxides (NOx), carbon monoxide (CO), particulate matter and other pollutants; (ii) any direct or avoided emissions of carbon dioxide (CO2), methane (CH4) and other greenhouse gases (GHGs) 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 made unnecessary for compliance in such program as a result of performance under this Agreement, 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. [If the Bid Facility is a biomass or landfill gas facility and the Seller receives any tradable credits, benefits, emissions reductions, offsets, and allowances based on the greenhouse gas reduction benefits attributed not to the production of electricity but rather to its fuel production, collection, conversion or usage, it shall provide NYSERDA or its designee with sufficient credits, benefits, emissions reductions, offsets, and allowances to ensure that there are zero net GHGs associated with the production of electricity from such Bid Facility.]
Renewable Energy Certificate. (Tier 4 REC): The electronic record of generation data created by NYGATS and representing all of the attributes including the Environmental Attributes of one MWh of electricity generation from the Selected Project delivered into Zone J.
Renewable Energy Certificate. Defined. As used in this Lease, the term “Renewable Energy Certificate” means a tradable instrument that is equal to one megawatt hour of electricity or equivalent energy supplied by a renewable energy facility, new renewable energy facility, or reduced by implementation of an energy efficiency measure that is used to track and verify compliance with the requirements of the Renewable Energy and Energy Efficiency Portfolio Standard as determined by the North Carolina Utilities Commission (or any successor thereto). A “Renewable Energy Certificate” does not include the related emission reductions, including, but not limited to, reductions of sulfur dioxide, oxides of nitrogen, mercury, or carbon dioxide.
Renewable Energy Certificate. Environmental Attributes associated with the power generated from the PV System together with the Renewable Energy Certificate reporting rights associated thereto. Renewable Energy Certificate also includes any tradable or other credits for renewable resource generation attributable to the PV System, specifically including Renewable Energy Certificates, and including without limitation any credits for meeting portfolio or other standards requiring renewable resource content now or in the future. Renewable Energy Certificates are accumulated on a kWh basis or equivalent basis and one Renewable Energy Certificate represents the Environmental Attributes associated with actual or deemed generation of one MWh of electricity generated by the PV System, or the claimed displacement of power.
