Delivery Year Degradation Factor definition

Delivery Year Degradation Factor means, (a) with respect to a Utility-Scale Wind Project, 1; and means, (b) with respect to a Utility-Scale Solar Project or a Xxxxxxxxxx Site Photovoltaic Project, 1 for Delivery Year 1, 0.995 for Delivery Year 2, 0.990 for Delivery Year 3, 0.985 for Delivery Year 4, 0.980 for Delivery Year 5, 0.975 for Delivery Year 6, 0.970 for Delivery Year 7, 0.965 for Delivery Year 8, 0.960 for Delivery Year 9, 0.955 for Delivery Year 10, 0.950 for Delivery Year 11, 0.945 for Delivery Year 12, 0.940 for Delivery Year 13, 0.935 for Delivery Year 14, 0.930 for Delivery Year 15, 0.925 for Delivery Year 16, 0.920 for Delivery Year 17, 0.915 for Delivery Year 18, 0.910 for Delivery Year 19, 0.905 for Delivery Year 20; where Delivery Year 1 is first full Delivery Year within the Acceptable Vintage Period. For purposes of determining the Delivery Year Degradation Factor for a Utility-Scale Solar Project or a Xxxxxxxxxx Site Photovoltaic Project, if the first Delivery Year is not a full Delivery Year such that the Earliest Vintage Month is not June, then the Delivery Year Degradation Factor for such partial Delivery Year shall be 1; and if the last Delivery Year is not Delivery Year 20 because the Acceptable Vintage Period has been extended beyond Delivery Year 20, then the Delivery Year Degradation Factor of each Delivery Year after Delivery Year 20 shall be 0.005 less than the prior year’s Delivery Year Degradation Factor.
Sample 1Sample 2Sample 3
Delivery Year Degradation Factor means, (a) with respect to a Utility-Scale Wind Project or a Hydropower Project, 1; and means, (b) with respect to a Utility-Scale Solar Project or a Brownfield Site Photovoltaic Project, 1 for Delivery Year 0 and Delivery Year 1, and means the result obtained from subtracting the Degradation Rate from the prior year’s Delivery Year Degradation Factor for all subsequent Delivery Years; where Delivery Year 1 is first full Delivery Year within the Acceptable Vintage Period.3
Sample 1
Delivery Year Degradation Factor means 1 for Delivery Year 1, 0.995 for Delivery Year 2, 0.990 for Delivery Year 3, 0.985 for Delivery Year 4, 0.980 for Delivery Year 5, 0.975 for Delivery Year 6, 0.970 for Delivery Year 7, 0.965 for Delivery Year 8, 0.960 for Delivery Year 9, 0.955 for Delivery Year 1 For example, if the Latest Vintage Month is May 2045, then the Delivery Term shall end on August 31, 2045 so as to accommodate the Delivery of RECs associated with the last month of the Acceptable Vintage Period. 10, 0.950 for Delivery Year 11, 0.945 for Delivery Year 12, 0.940 for Delivery Year 13, 0.935 for Delivery Year 14, 0.930 for Delivery Year 15, 0.925 for Delivery Year 16, 0.920 for Delivery Year 17, 0.915 for Delivery Year 18, 0.910 for Delivery Year 19, 0.905 for Delivery Year 20; where Delivery Year 1 is first full Delivery Year within the Acceptable Vintage Period. For purposes of determining the Delivery Year Degradation Factor, if the first Delivery Year is not a full Delivery Year such that the Earliest Vintage Month is not June, then the Delivery Year Degradation Factor for such partial Delivery Year shall be 1; and if the Acceptable Vintage Period has been extended beyond Delivery Year 20, then the Delivery Year Degradation Factor of each Delivery Year after the Delivery Year 20 shall be 0.005 less than the prior Delivery Year’s Delivery Year Degradation Factor.
Sample 1

Examples of Delivery Year Degradation Factor in a sentence

  • The Delivery Year Allocation Factor, with respect to a Utility-Scale Wind Project or a Hydropower Project, shall be the result obtained from dividing (a) the Delivery Year Degradation Factor by (b) 20.

  • The Delivery Year Allocation Factor, with respect to a Utility-Scale Solar Project or a Xxxxxxxxxx Project, shall be the result obtained from dividing (a) the Delivery Year Degradation Factor by (b) the sum of the Delivery Year Degradation Factors for Delivery Year 1 through Delivery Year 20.

  • The Delivery Year Allocation Factor, with respect to a Utility-Scale Solar Project or a Xxxxxxxxxx Project, shall be the result obtained from dividing (a) the Delivery Year Degradation Factor by (b) 19.05.

  • The Delivery Year Allocation Factor, with respect to a Utility-Scale Wind Project, shall be the result obtained from dividing (a) the Delivery Year Degradation Factor by (b) 20.

  • Annual Quantity Maximum Contract Quantity Class of Resource Utility-Scale Wind Project/ Hydropower Project Delivery Year Delivery Year Degradation Factor Delivery Year Allocation Factor Delivery Year Requirement (RECs) 3 1 0.05 4 1 0.05 5 1 0.05 6 1 0.05 7 1 0.05 8 1 0.05 10 1 0.05 11 1 0.05 12 1 0.05 13 1 0.05 14 1 0.05 15 1 0.05 19 1 0.05 20 1 0.05 Subsequent Delivery Years 1 0.05 The Delivery Year Requirement for Delivery Year 0 shall apply if the Earliest Vintage Month is not June.

  • For avoidance of doubt, the Delivery Year Degradation Factor with respect to a Utility-Scale Wind Project or a Hydropower Project is always 1.

  • For avoidance of doubt, the Delivery Year Degradation Factor with respect to a Utility-Scale Wind Project is always 1.

  • Annual Quantity Maximum Contract Quantity Class of Resource Utility-Scale Wind Project Delivery Year Delivery Year Degradation Factor Delivery Year Allocation Factor Delivery Year Requirement (RECs) 3 1 0.05 4 1 0.05 5 1 0.05 6 1 0.05 7 1 0.05 8 1 0.05 10 1 0.05 11 1 0.05 12 1 0.05 13 1 0.05 14 1 0.05 15 1 0.05 19 1 0.05 20 1 0.05 Subsequent Delivery Years 1 0.05 The Delivery Year Requirement for Delivery Year 0 shall apply if the Earliest Vintage Month is not June.


More Definitions of Delivery Year Degradation Factor

Delivery Year Degradation Factor means, (a) with respect to a Utility-Scale Wind Project or a Hydropower Project, 1; and means, (b) with respect to a Utility-Scale Solar Project or a Xxxxxxxxxx Site Photovoltaic Project, 1 for Delivery Year 0 and Delivery Year 1, and means the result obtained from subtracting the Degradation Rate from the prior year’s Delivery Year Degradation Factor for all subsequent Delivery Years; where Delivery Year 1 is first full Delivery Year within the Acceptable Vintage Period.2
Sample 1
Delivery Year Degradation Factor means, (a) with respect to a Utility-Scale Wind Project or a Hydropower Project, 1; and means, (b) with respect to a Utility-Scale Solar Project or a Xxxxxxxxxx Site Photovoltaic Project, 1 for Delivery Year 0 and Delivery Year 1, and means the result obtained from subtracting the Degradation Rate from the prior year’s Delivery Year Degradation Factor for all subsequent Delivery Years; where Delivery Year 1 is first full Delivery Year within the Acceptable Vintage Period.2 1 For example, if the Latest Vintage Month is May 2045, then the Delivery Term shall end on August 31, 2045 so as to accommodate the Delivery of RECs associated with the last month of the Acceptable Vintage Period.
Sample 1
Delivery Year Degradation Factor means, (a) with respect to a Utility-Scale Wind Project or a Hydropower Project, 1; and means, (b) with respect to a Utility-Scale Solar Project or a Xxxxxxxxxx Site Photovoltaic Project, 1 for Delivery Year 0 and Delivery Year 1, and means the result obtained from subtracting the Degradation Rate from the prior year’s Delivery Year Degradation Factor for all subsequent Delivery Years; where Delivery Year 1 is first full Delivery Year within the Acceptable Vintage Period.3 1 NTD: See 2024 LTP Section 5.7.3, which provides for a self-designated degradation rate up to 1% for utility-scale solar projects and xxxxxxxxxx site photovoltaic projects.
Sample 1

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