Renewable Generation. Refers to behind-the-meter electric generating equipment that is not fossil-fueled and has no emissions associated with it (which includes Energy Storage Systems because such systems do not emit pollutants at their source).
Renewable Generation. Resource Provider is an AR Provider which, together with its Related Persons, owns or controls Renewable Generation Resources.
Renewable Generation. Sub-Sector is the AR Sub-Sector that is established pursuant to Section 6.2(d)(i)(1) of this Agreement.
Renewable Generation. The electrical energy output of a Renewable Energy facility.
Renewable Generation. The electrical energy output of an RPS Class I Renewable Generation Unit or Solar Carve-Out Renewable Generation Unit as defined under 225 CMR 14.00: Renewable Energy Portfolio Standard – Class I.
Renewable Generation. Seller shall generate all Energy sold to Buyer under this Agreement utilizing water supplied from Indian Valley Reservoir. Buyer shall not be obligated to purchase and pay Seller for any Energy that is not generated utilizing water supplied from Indian Valley Reservoir.
Renewable Generation. The RAPAD Power Grid Community Benefit Royalty Agreement renewable generation target payments: • $750 per MW per annum of the installed capacity of the wind generation over 25 years, indexed to regional inflation (CPI) • $500 per MW per annum of the installed capacity of the solar generation over 25 years, indexed to regional inflation (CPI) For example: For 4.2 GW (4,200 megawatts) of RAPAD Power Grid installed wind generation, $3.15 million per year in Community Benefit Royalty Agreement payment or the equivalent of $78.75 million over 25 years. For 4.2 GW (4,200 MW) of RAPAD Power Grid installed solar generation, $2.1 million per year in Community Benefit Royalty Agreement payments or the equivalent of $52.5 million over 25 years. This volume of solar requires approximately 1,750ha, therefore the target payment is equivalent to approximately $1,2001 per ha (solar site) per year for 25 years paid to the community under the RAPAD Power Grid Community Benefit Royalty Agreement; the payments to the community a very large relative to the land used. These indicative developments would result in total RAPAD Power Grid Community Benefit Royalty Agreement payments across all communities of $183.25 million. All figures are in 2024 dollars; they are not adjusted for future inflation or the time value of money.
