Common use of Guaranteed Energy Production Clause in Contracts

Guaranteed Energy Production. Throughout the Delivery Term, Seller shall be required to provide to Buyer an amount of Delivered Energy plus Deemed Delivered Energy, if any, no less than the Guaranteed Energy Production over two (2) consecutive Contract Years during the Delivery Term (“Performance Measurement Period”). “Guaranteed Energy Production” is equal to the product of (x) and (y), where (x) is one hundred sixty percent (160%) of the Contract Quantity [Photovoltaic facilities only to use the then-applicable Contract Quantities for the Performance Measurement Period], and

Appears in 7 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Guaranteed Energy Production. Throughout the Delivery Term, Seller shall be required to provide deliver to Buyer an amount of Delivered Energy plus Deemed Delivered Energy, if any, no less than the Guaranteed Energy Production over two (2) consecutive Contract Years during the Delivery Term (“Performance Measurement Period”). “Guaranteed Energy Production” is means an amount of Delivered Energy, as measured in MWh, equal to the product of (x) and (y), where (x) is one hundred sixty percent (160%) of the Contract Quantity [Photovoltaic facilities only to use Quantity, and (y) is the then-applicable Contract Quantities for difference between (I) and (II), with the Performance Measurement Period]resulting difference divided by (I), andwhere

Appears in 1 contract

Samples: Power Purchase Agreement

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