Portfolio Calculation Clause Samples

Portfolio Calculation. If Subcontractor opts to aggregate performance for its Portfolio for a given Partial or Full Production Year: 1. The Annual Expected Electricity Output (kWh), for each CREF, for each Production Year, starting at the Commercial Operation Date (established in accordance with the Electricity Production requirement in Attachment B) established in Year 1 and commencing each January 1st thereafter for the Minimum CREF Commercial Operation Period, shall be computed as follows. Using the capacity as specified in the lesser of (i) system capacity as specified in Attachment C or (ii) the as-built system capacity from the DCSEU Substantial Completion Report, annual production: a. shall be estimated using the NREL PVWatts generation profile, based on NREL (NSRDB) weather data for the District of Columbia, and b. shall then be adjusted by the Production Year panel degradation factor determined according to manufacturer specifications, calculated as follows: 1 minus the manufacturer specified annual panel degradation factor, raised to the power of the Production Year minus 1. (For example, if Panel Specification degradation = 1%, and Production Year = 5, then Panel degradation (Yr5) = (1 - 0.01)^(5-1) = (0.99)^(4) = 0.960596.)