Renewable Energy Credits. 5.01. Customer shall offer PMPA and/or Utility a first right of refusal before selling or granting to any third party the right to the Green Attributes associated with its customer-owned renewable generation that is interconnected to Utility’s electric distribution system. The term Green Attributes shall include any and all credits, certificates, benefits, environmental attributes, emissions reductions, offsets, and allowances, however entitled, attributable to the generation of electricity from the customer owned-renewable generation and its displacement of conventional energy generation.
Renewable Energy Credits. Any Renewable Energy Credits associated with the renewable energy allocated to the Customer based on its Subscription Share and the production of the Company’s portion of the Corriedale Project will be transferred to or retired on behalf of the Customer.
Renewable Energy Credits. (a) The Product The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from a Designated System, for which summary information is specified in a Product Order. Seller may not substitute RECs generated from a generator other than a Designated System. For avoidance of doubt, Xxxxx is not purchasing Seller’s Designated System and where this Agreement provides for the removal of a Designated System from this Agreement, it is understood that it is Seller’s right to Deliver RECs and to receive payment for RECs associated with such Designated System that are being removed from this Agreement.
Renewable Energy Credits. Subscriber shall be entitled to the benefits of all Renewable Energy Credits or RECs associated with Subscriber’s Pro-Rata Portion of the renewable energy generated at the Solar Projects during the term of this Agreement. Such RECs will be retired by Provider or Wabash Valley so that Subscriber can utilize them in accordance with the applicable program, regulation or law. Provider will not sell or market such RECs to any other party.
Renewable Energy Credits. The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from the Project, for which summary information is specified in the Product Order. Seller may not substitute RECs generated from a generator other than the Project. For avoidance of doubt, Xxxxx is not purchasing Seller’s Project and Buyer shall have no ownership interest in, or responsibility for, the Project. For avoidance of doubt, subject to Section 3.2(e), there is no restriction on changes to the Nameplate Capacity of the Project during the Term of this Agreement; provided that if the Project is a Utility-Scale Wind Project or a Utility-Scale Solar Project, the Nameplate Capacity remains greater than 5,000 kilowatts. Environmental Attributes. Seller acknowledges and agrees that any Environmental Attribute associated with or related to the Product will not be sold or otherwise made available to a third party, except as provided in Section 3.1(c), Section 5.1(i), and Section 6.4, but will be sold to Buyer pursuant to this Agreement. For the avoidance of doubt, the Product sold hereunder must meet the definition of “renewable energy credit” and “indexed renewable energy credit” under the IPA Act. No payment shall be due for any REC(s) that are associated with the generation of electricity that occurred outside the Acceptable Vintage Period (such RECs, “Ineligible RECs”). Neither Party shall have an obligation to the other Party with respect to any Ineligible RECs, which are not eligible for payment. In the event that Ineligible RECs are Delivered to Buyer, such RECs shall be disposed pursuant to Section 3.3(f). All RECs Delivered that are eligible for payment and that are not to be returned to Seller pursuant to Section 3.3(f) will be retired by Xxxxx. Buyer shall use commercially reasonable efforts to retire RECs within one hundred twenty (120) days after the receipt of the RECs associated with the month of May in each Delivery Year that is not the last Delivery Year and within one hundred twenty (120) days after the receipt of the RECs associated with the Latest Vintage Month in the last Delivery Year. For avoidance of doubt, neither the transfer of title nor the inadvertent retirement of a REC that is not eligible for payment in the Tracking System obligates Buyer to make payment to Seller or Seller to make payment to Buyer for such RECs except as provided in Section 3.3(f).
Renewable Energy Credits. The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from the Project, for which summary information is specified in the Product Order. Seller may not substitute RECs generated from a generator other than the Project. For avoidance of doubt, Buyer is not purchasing Seller’s Project.
Renewable Energy Credits. 13 Receiver agrees to maintain an attribute tracking system account to store the Renewable Energy Credits 14 that Provider delivers to Receiver. Alternatively, Receiver, in its sole election, may direct the Provider to 15 retire the Renewable Energy Credits in the name of the Receiver’s Industrial Facility and to furnish the 16 Receiver with a certificate evidencing the retirement.
Renewable Energy Credits. 11.1. A Renewable Energy Credit (REC) represents the environmental attributes of one thousand kWh (1 MWh) of electricity produced by a renewable resource (i.e., solar). A REC is the commodity used by electric providers to account for their participation in renewal energy programs.
11.2. Owner/Operator retains all REC’s generated by this DGR facility. The REC meter shall be owned and maintained by GRU for the purpose of providing operational data as needed by GRU.
Renewable Energy Credits. 5.01. RGS Owner shall offer FMPA a first right of refusal before selling or granting to any third party the right to the Green Attributes associated with its customer-owned renewable generation that is interconnected to Utility's electric distribution system. The term "Green Attributes" shall include any and all credits, certificates, benefits, environmental attributes, emissions reductions, offsets, and allowances, however entitled, attributable to the generation of electricity from the customer owned-renewable generation and its displacement of conventional energy generation.
5.02. Any additional meter(s) installed to measure total renewable electricity generated by the RGS Owner for the purposes of measuring Green Attributes, including and renewable energy certificates (or similarly titled credits for renewable energy generated), shall be installed at the expense of the RGS Owner, unless determined otherwise during negotiations for the sale of the RGS Owner's credits to FMPA.
Renewable Energy Credits. 5.01. Customer shall offer FMPA a first right of refusal before selling or granting to any third party the right to the Green Attributes associated with its customer-owned renewable generation that is interconnected to ARP Participants electric distribution system. The term “Green Attributes” shall include any and all credits, certificates, benefits, environmental attributes, emissions reductions, offsets, and allowances, however entitled, attributable to the generation of electricity from the customer owned-renewable generation and its displacement of conventional energy generation.
