SUBCONTRACT ANNUAL MINIMUM PRODUCTION REQUIREMENT Sample Clauses
SUBCONTRACT ANNUAL MINIMUM PRODUCTION REQUIREMENT. Each CREF or Subcontractor’s Portfolio under this Subcontract must meet the Subcontract Annual Minimum Production Requirement as outlined in Attachment B. In a given Production Year, the DCSEU shall use the methodology in Section II.1-2 below to determine the CREF Minimum Production Requirement for each CREF and the methodology in Section IV (Portfolio Calculation) below to determine the Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio under this Subcontract. If Subcontractor fails to meet the Subcontract Annual Minimum Production Requirement, as defined in Attachment B, in a Production Year, Subcontractor shall be required to pay a penalty for failing to meet the Subcontract Annual Minimum Production Requirement for that Production Year. For each CREF in Subcontractor’s Portfolio, the CREF Minimum Production Requirement for a particular Production Year shall be calculated using the methodology below:
SUBCONTRACT ANNUAL MINIMUM PRODUCTION REQUIREMENT. The CREF(s) installed under this Subcontract must produce on an annual basis a minimum of 90 percent of projected electricity output (as verified by the online PVWatts (or comparable Solar forecasting) tool) for the Minimum CREF Commercial Operation Period for each CREF, adjusted for degradation of module efficiency over time and adjusted to account for sporadic weather activity. Specifically, during the Subcontract Operating Period, the CREF(s) installed by the Subcontractor under this Subcontract must meet the Subcontract Annual Minimum Production Requirement for each Production Year as follows: For a Partial or Full Production Year, either:
SUBCONTRACT ANNUAL MINIMUM PRODUCTION REQUIREMENT. The Project(s) installed under this Subcontract must produce on an annual basis a minimum of 90 percent of projected electricity output (as verified by the online PVWatts (or comparable Solar CREF forecasting) tool) for a minimum of 20 years from Commercial Operation Date, adjusted for degradation of module efficiency over time and adjusted to account for sporadic weather activity. Specifically, during the Subcontract Operating Period, the Project(s) installed by the Subcontractor under this Subcontract must meet the Subcontract Annual Minimum Production Requirement for each Production Year as follows: