Park Potential definition
Examples of Park Potential in a sentence
The range of set point values can be between 0% and 100% of Park Potential.
Seller shall use Commercially Reasonable Efforts to adjust the real time Park Potential of the Facility when Company communicates to Seller a measured difference of plus or minus two percent between the metered Renewable Energy and Park Potential, during periods when generation is not curtailed.
To the extent available, Company agrees to use Seller’s real time Park Potential communicated to Company through the SCADA System as the proxy for Potential Energy, except to the extent that Park Potential is demonstrated not to accurately reflect the Potential Energy (plus or minus [**]% over a period of one month).
Seller shall communicate Park Potential and all data necessary for Company to integrate the Facility into Company’s EDCC in real time through the Facility’s SCADA System in accordance with the AGC Protocols.
In the event that Company reasonably concludes that Seller is not (i) providing the data required by this Section, (ii) interfacing with and reacting to Company’s AGC Set-Point as required by this PPA, and/or (iii) providing Park Potential data within the required margin of error, then upon notice from Company, Seller shall, at Seller’s expense, take those actions necessary to fully comply with this paragraph.
During those periods of time when the Park Potential is unavailable or does not accurately represent Potential Energy, the Parties shall use the best available data obtained through commercially reasonable methods to determine the Potential Energy.
Seller shall use commercially reasonable efforts to adjust the real time Park Potential when Company communicates to Seller a measured difference of plus or minus two (2) percent between the metered Renewable Energy, during a time where there was no AGC Set-Point, and Park Potential.
The calculation of the Purchase Price shall be based upon the number of gross surveyed acres.
In the event that the Park Potential is not available through the SCADA System, the Parties shall use the best available data obtained through Commercially Reasonable methods to determine the Potential Energy.
To the extent available, Company agrees to use Seller’s real time calculations of the Park Potential communicated to Company through the SCADA System as the proxy for Potential Energy.