Green Benefits definition

Green Benefits mean all the intangible benefits associated with the generation of renewable energy and are distinctly separate from the energy itself.
View Source
Green Benefits means existing and future environmental credits, benefits or attributes, emissions reductions and avoidances (including emission rate credits), offsets, allowances and green tags, attributable to the Facility during the Term and/or Renewable Energy sold to Company under this PPA, recognized by Applicable Law, including any rights to compensation therefor. Green Benefits include:
View Source
Green Benefits means existing and future environmental credits, benefits or attributes, emissions reductions and avoidances (including emission rate credits), offsets, allowances and green tags, attributable to the Facility during the Term and/or Renewable Energy sold to Company under this PPA, recognized by Applicable Law, including any rights to compensation therefor. Green Benefits include Renewable Energy Credits; Avoided emissions of pollutants to the air, soils or waters, such as sulfur oxides (SOx), nitrogen oxides (NOx) and carbon monoxide (CO); Avoided emissions of greenhouse gases (such as carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulfur hexafluoride (SF6)) that have been or may in the future be determined by the United Nations Intergovernmental Panel on Climate Change or by Applicable Law to contribute to the threat of climate change; and Reporting rights for avoided emissions, such as Green Tag Reporting Rights. For the avoidance of doubt, Green Benefits exclude: (i) PTCs, ITCs and other local, state or federal tax credits providing a tax benefit to Seller based on ownership of the Facility or energy production therefrom, including the [wind – PTC] [solar - ITC] that may be available to Seller with respect to the facility under IRC §[wind – 45] [solar – 48], and (ii) depreciation and other tax benefits arising from ownership or operation of the facility.
View Source

Examples of Green Benefits in a sentence

  • The Parties acknowledge that existing and future Applicable Laws create significant value in the ownership, use and allocation of Green Benefits.

  • Seller grants to Company full authority to hold, use, sell and/or trade such Green Benefits for its own account in all applicable renewable energy information or tracking systems.

  • Upon the request of Company, at no cost to Company, (i) Seller shall deliver or cause to be delivered to Company appropriate attestations/certifications of Green Benefits, and (ii) Seller shall cooperate with Company’s tracking, registration, reporting and certification of Green Benefits.

  • Seller hereby authorizes Company to act as its agent for the purposes of registering the Facility as an Eligible Energy Resource, and tracking, certifying, registering and reporting such Green Benefits.

  • To the full extent allowed by Applicable Law, Seller hereby assigns to Company (and Company shall own and be entitled to claim) all Green Benefits to the extent existing or created during the Term associated with the Facility and the Renewable Energy purchased by Company hereunder, at no additional charge to Company under this PPA.

  • Prior to the Commercial Operation Date, Seller shall make all applications and/or filings required by Applicable Law for accreditation of Green Benefits and for the assignment of such Green Benefits to Company.

  • The City will not be responsible for the verification or certification of Green Benefits of Wheeled Energy (Ownership of the Green Benefits should be addressed in the Power Purchase Agreement between the Generator/Third Party Supplier and the Consumer of the Wheeled Energy.

  • This purchase, will allow the Green Benefits to be retained by the Consumer to green the Deficit Energy purchased.

  • To the full extent allowed by Applicable Law, Seller hereby assigns to Company (and Company shall own and be entitled to claim) all Green Benefits to the extent existing or created during the Term associated with the Facility and the Contract Energy purchased by Company hereunder, at no additional charge to Company under this PPA.

  • The Parties acknowledge that existing and future Applicable Laws create significant value in the ownership, use and allocation of Ancillary Services and Green Benefits.


More Definitions of Green Benefits

Green Benefits means benefits available by virtue of a generating unit using non-fossil or carbon emission saving fuels or waste to generate electricity, including payments, rebates and avoided costs, and any instrument associated with such benefits, including renewables obligation certificates which are or will become available in Northern Ireland and levy exemption certificates under Schedule 6 of the Finance Act 2000;
View Source
Green Benefits. Foreground IPR"
View Source
Green Benefits means existing and future environmental credits, benefits or attributes, emissions reductions and avoidances (including emission rate credits), offsets, allowances and green tags, attributable to the Facility and/or to the Contract Energy offered by Seller into the SPP Integrated Market Place and dispatched by the Transmission Authority during the Term, recognized by Applicable Law, including any rights to compensation therefor. Green Benefits include but are not limited to: • Avoided emissions of pollutants to the air, soils or waters, such as sulfur oxides (SOx), nitrogen oxides (NOx) and carbon monoxide (CO); • Credits, benefits, allowances and attributes arising from avoided emissions of greenhouse gases (such as carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulfur hexafluoride (SF6)) that have been or may in the future be determined by the United Nations Intergovernmental Panel on Climate Change or by Applicable Law to contribute to the threat of climate change; and • Reporting rights for avoided emissions, such as Green Tag Reporting Rights.
View Source
Green Benefits means existing and future environmental credits, benefits or attributes, emissions reductions and avoidances (including emission rate credits), offsets, allowances and green tags, attributable to the Facility during the Term and/or Renewable Energy sold to Company under this PPA, recognized by Applicable Law, including any rights to compensation therefor. Green Benefits include Renewable Energy Credits; Avoided emissions of pollutants to the air, soils or waters, such as sulfur oxides (SOx), nitrogen oxides (NOx) and carbon monoxide (CO); Avoided emissions of greenhouse gases (such as carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulfur hexafluoride (SF6)) that have been or may in the future be determined by the United Nations Intergovernmental Panel on Climate Change or by Applicable Law to contribute to the threat of climate change; and Reporting rights for avoided emissions, such as Green Tag Reporting Rights.
View Source
Green Benefits means existing and future environmental credits, benefits or attributes, emissions reductions and avoidances (including emission rate credits), offsets, allowances and green tags, attributable to the Facility during the Term and/or Contract Energy sold to Company under this PPA, recognized by Applicable Law, including any rights to compensation therefor. Green Benefits include and are not limited to: Renewable Energy Credits; Avoided emissions of pollutants to the air, soils or waters, such as sulfur oxides (SOx), nitrogen oxides (NOx) and carbon monoxide (CO); Avoided emissions of greenhouse gases (such as carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulfur hexafluoride (SF6)) that have been or may in the future be determined by the United Nations Intergovernmental Panel on Climate Change or by Applicable Law to contribute to the threat of climate change; and Reporting rights for avoided emissions, such as Green Tag Reporting Rights.
View Source
Green Benefits shall have the menaing set forth in Section 7.4(C).
View Source

Related to Green Benefits

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Employment benefits means all benefits provided or made

  • Termination Benefits will mean and include the following:

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;