Equivalent Availability definition

Equivalent Availability means during any Month after Project COD the Capacity-weighted percentage of time in a specific time period during which the Project is Available for Operation, whether or not the Project is actually Dispatched, which shall be expressed as a percentage equal to one hundred percent (100%) multiplied by a fraction where: (x) the numerator is the sum of the Capacity of the Project in every hour of a specific time period that is Available for Operation; provided, for purposes of this calculation that Capacity that is unavailable due to an Excused Outage will be included in the Capacity of the Project Available for Operation, and (y) the denominator is the sum of the Contract Capacity in every hour of such time period. For the avoidance of doubt, Capacity that is not Available for Operation due to a Forced Outage is excluded from the numerator and is included in the denominator and the Equivalent Availability shall not exceed one hundred percent (100%). In each applicable hour, the Capacity of the Project Available for Operation will be limited to the average hourly output of the most recent Contract Capacity Test performed per Section 3.6.2. In addition, when the Project is providing reactive power as per Appendix 9: OPERATING LIMITS, and the Project’s output is below [X] MW, the Capacity of the Project Available for Operation will be determined based on the expected full MW output that would be available if Seller were not supplying reactive power. Commencing with the Month in which Commercial Operation occurs and continuing throughout the Term, Seller shall calculate and provide to Buyer a written report setting forth the Equivalent Availability for each Month, including the details of the calculation of the Equivalent Availability, as soon as practicable after the end of such Month, but in no event later than thirty (30) Days after the end of such Month.

Equivalent Availability has the meaning set forth in Section 5.5(ii). ERIS Rights or Energy Resource Interconnection Service Rights – has the meaning set forth in the NYISO Rules.

Equivalent Availability has the meaning set forth in Appendix E. ----------

Examples of Equivalent Availability in a sentence

• For each XXXX Measurement Period following the Commercial Operations Date, a XXXX Annual Equivalent Availability Factor shall be calculated as set forth in Attachment X (XXXX Annual Equivalent Availability Factor).

• For the purposes of calculating the XXXX Annual Equivalent Availability Factor for the first three (3) full XXXX Measurement Periods in the first Contract Year, the calculation will assume that the XXXX is one hundred percent (100%) available for the remaining hours of the Contract Year.

• If the XXXX Annual Equivalent Availability Factor for such XXXX Measurement Period is less than 97% (the "XXXX EAF Performance Metric"), Seller shall pay, and Company shall accept, as liquidated damages for such shortfall, the amount set forth in the following table (on a progressive basis) upon proper demand at the end the current XXXX Measurement Period: Such liquidated damages shall be due within thirty (30) Days after the first to occur of the end of such XXXX Measurement Period or the end of Term.

• Assume the monthly Lump Sum Payment is $1,000,000 and the PV System Equivalent Availability Factor is 96.9% as calculated in the example in Section 2.5(a) (Calculation of the PV System Equivalent Availability Factor) above.

• The following is an example calculation of liquidated damages for the PV System Equivalent Availability Factor Performance Metric and is included for illustrative purposes only.

More Definitions of Equivalent Availability

Equivalent Availability has the meaning set forth in Section 5.5(ii).

Equivalent Availability means the Capacity-weighted percentage of time in a specific time period during which the Project is available for Dispatch, whether or not the Project is actually Dispatched, which shall be expressed as a percentage equal to one hundred percent (100%) multiplied by a fraction where: (x) the numerator is the sum of the Ambient-Adjusted Contract Capacity in every hour of a specific time period that is actually available for Dispatch; provided, for purposes of this calculation that project Capacity unavailable due to an Excused Outage will be included in the Ambient-Adjusted Contract Capacity, and (y) the denominator is the sum of the Ambient-Adjusted Contract Capacity in every hour of such time period. For the avoidance of doubt, Contract Capacity not available for Dispatch due to a Forced Outage is excluded from the numerator and is included in the denominator and the Equivalent Availability shall not exceed one hundred percent (100%).

Equivalent Availability shall have the meaning set forth in Section 7.3.1 of this Agreement.

Equivalent Availability is specifically defined as follows for the purposes of the reliability test: EA = ((A+B+C)x100%)/72, where:EA = Equivalent Availability in percent (%). A =Total number of hours during the reliability test that the Plant is operating at the output required by dispatch control. These hours may include time to start-up, shut-down or other normal operation. B =Total number of hours during the test that the Plant is available for normal operation, but the Plant is not allowed to operate or not allowed to operate normally due to Company, Company-Procured Equipment defect or malfunction. C =Total number of hours during the test that the Plant is not operating, but is available for normal operation up to base load, including start-up, shutdown, coat-down or other normal unit operation.

Equivalent Availability and "Facility Availability Factor": New Articles 3.10.1 and 3.10.2 are added to read as

Equivalent Availability means the percentage of hours that a generating unit is available to operate taking into account any partial outage time as determined in accordance with

Equivalent Availability is specifically defined as follows for the purposes of the reliability test: EA = ((A+B+C)x100%)/72, where: EA = Equivalent Availability in percent (%). A = Total number of hours during the reliability test that the Plant is operating at the output required by dispatch control. These hours may include time to start-up, shut-down or other normal operation.