PV System Equivalent Availability Factor; Liquidated Damages; Termination Rights Sample Clauses

PV System Equivalent Availability Factor; Liquidated Damages; Termination Rights. (a) Calculation of the PV System Equivalent Availability Factor. Following the end of each LD Period, the PV System Equivalent Availability Factor shall be calculated for such LD Period as follows: PV System Equivalent = 100% × ÆK–EPDK–EUDK Availability PK Factor where: Period Hours (PH) is the total number of hours in the LD Period counting twenty-four (24) hours per day. In a normal year, PH = 8,760, and in a leap year PH = 8,784. Available Hours (AH) is the number of hours that the PV System is not on Outage. It is the sum of all Service Hours (SH) + Reserve Shutdown Hours (RSH). An "Outage" exists whenever the entire PV System is not online producing electric energy and is not in a Reserve Shutdown state, resulting from Seller-Attributable Non- Generation. Service Hours (SH) is the number of hours during the LD Period the PV System is online and producing electric energy to meet Company Dispatch and/or to maintain the XXXX State of Charge. Reserve Shutdown Hours (RSH) is the number of hours the PV System was available to the Company System but not providing electric energy or is offline for reasons other than Seller-Attributable Non-Generation, or is offline due to insufficient irradiance levels based on the inverter manufacturer's minimum irradiance level for production. All hours between 7:00 pm and 6:00 am will be considered RSH. The PV System will be considered RSH in these hours, even if the system would otherwise be in an outage or derated state. A "Deration" exists if the Facility is available for Company Dispatch, but at less than full potential output for the given irradiance conditions. Derations include only periods of Seller-Attributable Non-Generation and derations by Company pursuant to Section 8.3 (Company Rights of Dispatch). Each individual Deration is transformed into equivalent full outage hour(s). For Derations due to inverter outages, this is calculated by multiplying the actual duration of the derating (hours) by the number of inverters in the PV System offline and dividing by the total number of inverters in the PV System. For Derations by Company pursuant to Section 8.3 (Company Rights of Dispatch), this is calculated by the size of the Deration (in MW) divided by the Contract Capacity. For avoidance of doubt, if the Facility is in an Outage it cannot also be in a Deration. Equivalent Planned Derated Hours (EPDH) includes Planned Derations (PD) and Maintenance Derations (D4). A Planned Deration is when the PV System experiences ...
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