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incentive payment or any other green tag, renewable energy, emissions reduction, depreciation, tax credit or other benefit related to the environmental characteristics of the System, whether related to any renewable portfolio standard or other renewable energy purchase requirement or otherwise, whether existing as of the Effective Date or enacted thereafter and whether available to Supplier, to System Owner as producer of Output or available to Host Customer as the host, purchaser or user of Output, including renewable energy certificates (or comparable credit or certificates) and SRECs in New Jersey, whether or not pursuant to the New Jersey Clean Energy Program, the ITC or the ITC Cash Grant.", "hash": "454c1f582a000a66f736c43bb0035949", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIeZW52aXJvbm1lbnRhbC1jcmVkaXRzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Environmental Credits", "size": 113, "snippet": "Any environmental credit, offset, or other benefit allocated, assigned or otherwise awarded by any Governmental Authority, international agency, or non-governmental renewable energy certificate accounting and verification organization to Company or Seller based in whole or in part on the fact that the Facility is a non-fossil fuel facility. Such Environmental Credits shall include, without limitation, the non-energy attributes of renewable energy including, but not limited to, any avoided emissions of pollutants to the air, soil, or water such as sulfur dioxide, nitrogen oxides, carbon monoxide, particulate matter, and hazardous air pollutants; any other pollutant that is now or may in the future be regulated under the pollution control laws of the United States; and avoided emissions of carbon dioxide and any other greenhouse gas, along with the renewable energy certificate reporting rights to these avoided emissions, but in all cases shall not mean tax credits.", "id": "environmental-credits", "examples": ["Seller shall use all commercially reasonable efforts to ensure such <strong>Environmental Credits</strong> are vested in Company, and shall execute all documents, including, but not limited to, documents transferring such <strong>Environmental Credits</strong>, without further compensation; provided, however, that Company agrees to pay for all reasonable costs associated with such efforts and/or documentation.", "To the extent not prohibited by law, Company shall have the sole and exclusive right to use the electric energy purchased hereunder to meet RPS and any Environmental Credit shall be the property of Company; provided, however, that such <strong>Environmental Credits</strong> shall be to the benefit of Company&#x27;s ratepayers in that the value must be credited &quot;above the line&quot;.", "Included in such purchase and sale are all of the <strong>Environmental Credits</strong> associated with the electric energy.", "Included in such purchase and sale of electric energy and such purchase and sale of dispatchability are all of the <strong>Environmental Credits</strong> associated with the electric energy.", "To the extent not prohibited by law, any Environmental Credit shall be the property of the Company; provided, however, that such <strong>Environmental Credits</strong> shall be to the benefit of the Company\u2019s ratepayers in that the value must be credited \u201cabove the line\u201d.", "Seller shall use all reasonable efforts to ensure such <strong>Environmental Credits</strong> are vested in the Company, and shall execute all documents, including, but not limited to, documents transferring such <strong>Environmental Credits</strong>, without further compensation; provided, however, that the Company agrees to pay for reasonable costs associated with such efforts and/or documentation.", "Notwithstanding Clause 11.3, payment of the benefits derived by the Seller from the <strong>Environmental Credits</strong> shall be in accordance with Annexure E (Sharing of Environmental Credit) as per the applicable tariff methodology.", "NamPower&#x27;s EC Payment shall be made to NamPower only once payment has been received by the Seller for the sale of <strong>Environmental Credits</strong>.", "In the event that the Seller is required to pay to NamPower any Liquidated Damages or <strong>Environmental Credits</strong>, NamPower shall issue an invoice to the Seller in accordance with the procedure described above, mutatis mutandis.", "The Seller shall use its reasonable efforts to obtain <strong>Environmental Credits</strong> associated with the electrical energy generated by Power Plant and shall undertake its best endeavours as may be reasonably necessary to apply for and obtain any <strong>Environmental Credits</strong>, if available."], "related": [["environmental-costs", "Environmental Costs", "Environmental Costs"], ["lenders-environmental-liability", "Lender\u2019s Environmental Liability", "Lender\u2019s Environmental Liability"], ["environmental-liabilities", "Environmental Liabilities", "Environmental Liabilities"], ["material-environmental-liabilities", "Material Environmental Liabilities", "Material Environmental Liabilities"], ["assumed-environmental-liabilities", "Assumed Environmental Liabilities", "Assumed Environmental Liabilities"]], "related_snippets": [], "updated": "2026-01-31T04:25:49+00:00"}, "json": true, "cursor": ""}}