Examples of Commercial Operation Period in a sentence
Energy Payment NamPower shall pay to the Seller: for each Billing Period during the Term (including the Billing Period in which the Commercial Operation Date occurs), the Energy Payment (as per Annexure C (Energy Payment)); and for the duration of the Deemed Commercial Operation Period, if it occurs, the Deemed Energy Payment.
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.
Subcontractor shall install a monitoring system that will allow DCSEU and DOEE staff and their authorized designees to monitor and analyze the historic and real-time electricity output and performance of each CREF for the Minimum CREF Commercial Operation Period.
Each operating period shall commence as of the Commercial Operation Date of the CREF and continue until each CREF authorized in Attachment C has achieved the Minimum CREF Commercial Operation Period listed in Attachment C.
Subcontractor shall be responsible for the operation, maintenance, and repair of each CREF for the Minimum CREF Commercial Operation Period.
The Subcontract Operating Period shall commence on the date the first CREF achieves Commercial Operation and continue until all CREFs that receive funding under this Subcontract have achieved the Minimum CREF Commercial Operation Period listed in Attachment C.
Evidence of Site Control: Subcontractor shall furnish evidence of site control for the Minimum CREF Commercial Operation Period set forth in Attachment C, which may be in the form of a signed lease, power purchase agreement (PPA), or other contract between Subcontractor and the owner(s) of the property where the CREF(s) will be installed under this Subcontract.
The list will contain for each CREF: (i) the CREF name, (ii), the DCSEU Tracker number, (iii) the site address (and interconnection address, if different) for the Services being provided, (iv) the CREF Capacity (kW) NTE (v) the CREF incentive ($) NTE, (vi) milestone deadlines, (vii) the payment schedule; (viii) Commercial Operation Date, and (ix) Minimum CREF Commercial Operation Period.
Subcontractor shall also ensure that the electricity output from each CREF installed under this Subcontract has not been, and will not be, sold, traded, obligated, or otherwise delivered to any party other than DOEE and DOEE-designated recipients for the Minimum CREF Commercial Operation Period of each CREF, and shall execute such other agreements as necessary to secure DOEE’s rights to the electricity output from each CREF.
The DCSEU shall use the methodology in Section III.1-2 below to determine the Subcontract Term CREF Minimum Production Requirement for each CREF over the Minimum CREF Commercial Operation Period and the methodology in Section IV (Portfolio Calculation) below to determine the Subcontract Term Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio over the Subcontract Operating Period.