Guaranteed Annual Energy Output definition

Guaranteed Annual Energy Output means the minimum amount of Net Energy that is guaranteed by Developer to be generated by the PV System in a Contract Year, as set forth within Exhibit C.
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Guaranteed Annual Energy Output means the minimum amount of Net Energy that is guaranteed by the Developer to be generated by the PV System in a Contract Year, as set forth in Exhibit C.
Sample 1Sample 2
Guaranteed Annual Energy Output means the amount of kilowatt hours of electricity to be produced by the Generation Facilities for each year of the Production Guarantee Term as numerically defined in the column with the heading "Guaranteed Annual Energy Output" in the table xx.
Sample 1

Examples of Guaranteed Annual Energy Output in a sentence

  • On the first anniversary of the Commercial Operation Date and each anniversary of the Commercial Operation Date thereafter during the Term (and any extension thereof), the Guaranteed Annual Energy Output shall be decreased by the Annual System Degradation Factor, as shown on Exhibit C.

  • Developer guarantees that the PV System will produce the Guaranteed Annual Energy Output in each Contract Year, as adjusted by the Annual System Degradation Factor.

  • If Contractor elects not to repair or replace the portion of the PV System affected by the PV System Loss, the Expected Annual Energy Output shall be recalculated using XX Xxxxx or a similar software program and the Guaranteed Annual Energy Output shall be adjusted accordingly (by way of example, if there is a 200 kW loss from a 2,000 kW system, the Guaranteed Annual Output shall be reduced by a fraction equal to the lost kW capacity divided by the original capacity, i.e. 200 kW / 2000kW).

  • The Seller hereby guarantees to Purchaser that the Generation Facilities will produce a minimum of 80% of the Guaranteed Annual Energy Output for each Guarantee Year of the Production Guarantee Term.

  • The Seller and the Purchaser acknowledge and agree that the Guaranteed Annual Energy Output and Guaranteed Cumulative Energy Output as set forth in xx are estimates based on a nameplate capacity of TBD kilowatts for the Generation Facilities, and that xx shall be revised on a pro-rata basis within 30 days after the Full Commercial Operation Date to reflect the actual installed nameplate capacity of the Generation Facilities.

  • If Developer elects not to repair or replace all or part of the portion of the PV System affected by the PV System Loss, the Expected Annual Energy Output shall be recalculated using XX Xxxxx or a similar software program and the Guaranteed Annual Energy Output shall be adjusted accordingly (by way of example, if there is a 200 kW loss from a 2,000 kW system, the Guaranteed Annual Output shall be reduced by a fraction equal to the lost kW capacity divided by the original capacity, i.e. 200 kW / 2000kW).

  • For each Guarantee Year of the Production Guarantee Term, the Seller shall provide to the Purchaser production guarantees in the form of a Guaranteed Annual Energy Output and a Guaranteed Cumulative Energy Output from the Generation Facilities.

Related to Guaranteed Annual Energy Output

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Energy year or "EY" means the 12-month period from June 1st

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Renewable energy project means (A) a project

  • Useful thermal energy means, with regard to a cogeneration unit, thermal energy that is:

  • Net energy metering means measuring the difference, over the net metering period, between (i)

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Geothermal energy means energy contained in heat that continuously flows outward from the earth that is used as the sole source of energy to produce electricity.

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant.

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • Class II renewable energy means electric energy produced at a

  • Class I renewable energy means electric energy produced from

  • energy storage means, in the electricity system, deferring the final use of electricity to a moment later than when it was generated, or the conversion of electrical energy into a form of energy which can be stored, the storing of such energy, and the subsequent reconversion of such energy into electrical energy or use as another energy carrier;

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per million.

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • energy poverty means a household’s lack of access to essential energy services that underpin a decent standard of living and health, including adequate warmth, cooling, lighting, and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled.

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.