Power Purchase Agreements. 566 PSNH shall retain PPAs and sell the energy and capacity from those agreements into 567 the market, with the difference between the contract costs and the market revenues associated 568 with the PPAs’ energy and capacity to be recovered through the SCRC. RECs from such 569 PPAs will be managed prudently to benefit customers.
Power Purchase Agreements. (i) Breach of a Power Purchase Agreement by an Idaho Wind Entity and such breach results in a default under the Power Purchase Agreement that would immediately, or with the passage of the applicable grace period or the giving of notice or both, enable the Power Purchaser to terminate such Power Purchase Agreement and such breach is not remediable, or if remediable, shall continue unremedied for a period equal to (x) in respect of a Material Breach (as defined in a Power Purchase Agreement) the lesser of the cure period provided under such Power Purchase Agreement or 10 days (provided that where the Power Purchaser has issued a notice of material breach and specified a date by which such material breach must be cured (the “Cure Date”), the cure period under this Credit Agreement shall continue until the date which falls 15 days prior to the Cure Date) and (y) in respect of any other breach, the lesser of the cure period provided under such Power Purchase Agreement or 45 days, (ii) material breach of a Power Purchase Agreement by a party (other than an Idaho Wind Entity) that is not remediable, or if remediable, shall continue unremedied for 45 days after an Idaho Wind Entity receives notice of such breach unless such Power Purchase Agreement has been replaced (if capable of being replaced) within 90 days by a replacement agreement in form and substance reasonably satisfactory to the Administrative Agent; (iii) an Idaho Wind Entity shall repudiate its obligations under any Power Purchase Agreement; (iv) a party (other than an Idaho Wind Entity) shall repudiate its obligations under any Power Purchase Agreement unless such Power Purchase Agreement has been replaced (if capable of being replaced) within 90 days by a replacement agreement in form and substance reasonably satisfactory to the Administrative Agent; or (v) any Power Purchase Agreement shall terminate or otherwise cease to be valid and binding on the parties thereto (other than upon expiry) unless such Power Purchase Agreement has been replaced (if capable of being replaced) within 90 days by a replacement agreement in form and substance reasonably satisfactory to the Administrative Agent; provided that it shall not be an event of default hereunder if Borrower demonstrates, after giving effect to such breach or termination of the applicable Power Purchase Agreement, that the Projected Debt Service Coverage Ratio, calculated on a pro forma basis, is not below (i) 1.30:1.00 according to the P50 Produc...
Power Purchase Agreements. 19.1.3 State Support Agreement;
Power Purchase Agreements. Company to obtain and deliver to RV Estates a feasibility study for each power purchase agreement executed by the Company prior to Closing.
Power Purchase Agreements. Elbow Creek Wind Project, LLC and Goat Wind, LP shall have entered into power purchase or hedge agreements for all of the electric energy generated by the Project owned by such Project Company on terms reasonably acceptable to Seller and Purchaser.
Power Purchase Agreements. To the knowledge of the Company, neither the Company nor any of its Subsidiaries is in default under any power purchase agreement to which it is a party, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Power Purchase Agreements. A PPA is a contract between a buyer of power (usually Eskom, a municipality or a licensed power trader) and a commercial electricity generator. The contract partners agree on the delivery of power for a set period of time at a set price. The term PPA does not apply to Small Scale Embedded Generators (SSEG), which are residential and commercial customers who have installed renewable energy systems of up to 1MW – usually solar PV systems – for own consumption and feed excess power into the municipal grid. Small Scale Embedded Generation is explained in the chapter on Solar PV in this manual. PPAs usually have a contract period of ten to twenty years to give the generators the necessary certainty for the investment. A PPA allows the generator to raise finance to build the power generation infrastructure. In a PPA the power purchaser is an electricity distributor (municipalities or Eskom) who sells the electricity on to its customers. It can also be a private power trader or a business large enough to provide the generator and his financier with confidence to honour a long-term contract. In this instance the distributor (Municipality or Eskom) acts as a xxxxxxx of this power (see below). For municipalities it is most desirable to enter into PPAs with local power producers that feed directly into the municipal grid because this does not require wheeling and benefits the local economy. Some PPAs are already in place between municipality and local power producers. The eThekwini Municipality has entered into PPAs with sugar and chemical industries that generate electricity from industrial waste (see case study). Some municipalities are being approached by IPPs who wish to build large-scale power generation capacity for them in other parts of the country. These are often projects at advanced state of planning that were submitted to the REIPPP programme but were not successful. Such projects will be connected to the Eskom transmission network and require a Wheeling Agreement for the electricity to reach the municipal grid. Barriers and opportunities As noted, renewable energy purchases offer important opportunities for cities and towns, including local economic development, fiscal savings, greater security of supply through diversification and environmental benefits. However there are barriers and risks that need to be addressed: • Lack of clear policy around the degree of free market in the sector: The electricity sector is highly regulated and still dominated by E...
Power Purchase Agreements. If, at the Closing, ODEC has not agreed to assume all of Seller’s rights and obligations under the Power Purchases Agreements from and after the Effective Time, Buyer will assume such rights and obligations (which Buyer may share with XXXX as the buyer under the Sister Purchase Agreement) and subject to any administrative revisions to such agreements to reflect Buyer’s status as a cooperative. Such an agreement, if required, will be referred to herein as the “PPA Assignment and Assumption Agreement.”
Power Purchase Agreements. (a) The Borrower may not enter into any Power Purchase Agreement other than in accordance with the terms of this Agreement.
Power Purchase Agreements. (a) The Company shall, by the Closing Date have entered into legally binding agreements in respect of the procurement of power, each having definitive terms and conditions comporting in all material respects with the terms and conditions set forth in each of the Power Provider XXXx; or
