Examples of Community Renewable Energy Generation Project in a sentence
If the Designated System is a Community Renewable Energy Generation Project, the following shall apply: subsequent to Energization, the quantity of RECs used for purposes of the REC payment shall be subject to four (4) additional payment adjustments as hereinafter provided based on the information in the Community Solar Quarterly Report submitted by Seller to the IPA pursuant to Section 6.2 for each of the first four (4) full Quarterly Periods7 after Energization.
If the Quarterly Netting Statement includes a Designated System that is a Community Renewable Energy Generation Project, then the Quarterly Netting Statement shall also include information related to any payment adjustments pursuant to Section 2.6. Further, with respect to a Designated System that is in the EEC Category, the foregoing shall be subject to Section 5.6 below.
In this case, with respect to the portion of the Maximum Allowable Payment associated with such Designated System, the Maximum Allowable Payment will reflect (a) the initial Advance of Capital amount and (b) the remaining balance of the REC Purchase Payment Amount associated with such Designated System upon Energization if such Designated System is not a Community Renewable Energy Generation Project, is Energized and its Actual Nameplate Capacity is equal to or less than 25 kW.
Unless extended pursuant to Section 2.4(b), the Scheduled Energized Date shall be the date that is eighteen (18) months from the Trade Date of such Product Order if the Designated System is a Distributed Renewable Energy Generation Device, or twenty-four (24) months from the Trade Date of such Product Order if the Designated System is a Community Renewable Energy Generation Project.
For each Community Renewable Energy Generation Project that is Energized, and for each of the first four (4) full Quarterly Periods after Energization, Seller shall provide to Buyer and the IPA a Community Solar Quarterly Report substantially in the form of Exhibit C-2 on a quarterly basis on or after the first (1st) day of the month, but no later than the tenth (10th) day of the month immediately succeeding the conclusion of each of the first four Quarterly Periods after Energization.
For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(a)(i)(b) and Section 2.6(a)(i)(c) and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(a)(i)(g).
If the Quarterly Payment Cycle includes payment for a Community Renewable Energy Generation Project, then the Maximum Allowable Payment may include quarterly payment adjustments pursuant to Section 2.6 and as described in Exhibit F-3.