Monthly REC Charges. If Purchaser elects the Renewable Energy Credit (REC) purchase option in Exhibit 1, for each year it exercises the option, Purchaser shall pay Seller monthly for all RECs generated by the System at the $/MWh rate shown in Exhibit 1 (the “REC Price”). The monthly payment for such RECs will be equal to the applicable $/MWh rate multiplied by the number of MWh of energy generated during the applicable month, as measured by the System meter.
Appears in 3 contracts
Samples: Solar Power Purchase Agreement, Solar Power Purchase Agreement, Solar Power Purchase Agreement
Monthly REC Charges. If Purchaser elects the Renewable Energy Credit (REC) REC purchase option in Exhibit 1, for each year it exercises the option, Purchaser shall pay Seller monthly for all RECs generated by the System at the $/MWh rate shown in Exhibit 1 (the “REC Price”). The monthly payment for such RECs will be equal to the applicable $/MWh rate multiplied by the number of MWh of energy generated during the applicable month, as measured by the System meter.
Appears in 1 contract
Samples: Solar Power Purchase Agreement
