Renewable Energy Credits or RECs definition

Renewable Energy Credits or RECs means all attributes of an environmental or other nature that are created or other- wise arise from the Alliant Energy Community Solar Facility’s generation of energy using solar energy as a fuel, including, but not limited to, tags, certificates or similar products or rights associated with solar energy as a “green” or “renewable” electric generation resource, including any and all environmental air quality credits, emission reductions, off-sets, allowances or other benefits related to the generation of energy from the Alliant Energy Community Solar Facility’s photovoltaic (PV) System that reduces, displaces or off-sets emissions resulting from fuel combustion at another location pursuant to any existing or future international, federal, state or local legislation or regulation or voluntary agreement, and the aggregate amount of credits, offsets or other benefits including any rights, attributes or credits arising from or eligible for consideration in the Midwest Renewable Energy Tracking System (M-RETS) program or any similar program pursuant to any international, federal, state or local legislation or regulation or voluntary agreement and any renewable energy certificates issued pursuant to any program, information system or tracking system associated with the renewable energy generated from the Alliant Energy Community Solar Facility’s PV System. RECs do not include any federal, state or local tax credits, cash grants, production incentives or similar tax or cash benefits for which the Company or the Alliant Energy Community Solar Facility PV System are eligible or which either receives, or any depreciation, expenses, credits, benefits or other federal, state or local tax treatment for which the Company or the Alliant Energy Community Solar PV System is eligible or that either receives.
Sample 1Sample 2Sample 3

Examples of Renewable Energy Credits or RECs in a sentence

  • The Authority shall not procure energy from Category 3 eligible renewable resources (unbundled Renewable Energy Credits or RECs) exceeding 50% of the State law requirements, to achieve its renewable portfolio goals.

  • Subscriber shall be entitled to the benefits of all Renewable Energy Credits or RECs associated with Subscriber’s Pro-Rata Portion of the renewable energy generated at the Solar Projects during the term of this Agreement.

  • The Authority shall avoid the procurement of energy from Category 2 or 3 eligible renewable resources (unbundled Renewable Energy Credits or RECs) to the extent feasible.

  • Revenues received by renewable resources from bilateral agreements to sell renewable energy attributes (also referred to as Renewable Energy Credits, or RECs) to LSEs to meet state mandated procurement processes are defined to be nonmarket revenues.

  • The Authority shall avoid the procurement of energy from Category 3 eligible renewable resources (unbundled Renewable Energy Credits or RECs) to the extent feasible.

  • CPI acquires ownership of the excess energy and all renewable attributes associated with it, including Renewable Energy Credits or RECs.

  • Renewable Energy Credits, or RECs As stated above, renewable energy credits, or RECs, are usually sold through long-term PPAs. Revenue from the sale of self-generated RECs is recognized when the related energy is generated and simultaneously delivered even in cases where there is a certification lag as it has been deemed to be perfunctory.

  • This is coupled with language prohibiting procurement of energy from Category 3 eligible renewable resources (unbundled Renewable Energy Credits or RECs) beyond half of the 3.3% allowed to meet RPS targets, and the County’s intent to procure unbundled RECs only as a last resort.

  • New York has a central procurement approach to renewable energy procurement – different than any other state in that that the State itself is the buyer of Renewable Energy Credits, or RECs. And the renewable energy industry is essentially in a public-private partnership with the state of New York by competing for long-term contracts to provide the RECs to New York; contracts that get wind and solar energy projects built.

  • Under the terms of this PPSA, PG&E will sell up to 50,000 MWh of energy and associated Green Attributes (Renewable Energy Credits or RECs) primarily from a group of six California-located geothermal and hydroelectric facilities to Tenaska from the period of April 23, 2014 through October 31, 2014.

Related to Renewable Energy Credits or RECs

  • 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 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.

  • Renewable energy means energy derived from sunlight, wind, falling water, biomass, sustainable or

  • 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.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Renewable energy project means (A) a project

  • 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 system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.

  • 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.

  • 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:

  • Class I renewable energy means electric energy produced from

  • Class II renewable energy means electric energy produced at a

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

  • Renewable Resources means one of the following sources of energy: solar, wind, tidal, geothermal, biomass, hydroelectric facilities or digester gas.

  • Renewable Energy Certificates or “RECs” means all of the GIS Certificates and environmental benefits associated with New Class I RPS eligible resources.

  • 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.

  • Wind energy facility means the turbines, accessory buildings, transmission

  • Renewable resource means: (a) Water; (b) wind; (c) solar

  • Solar renewable energy certificate or "SREC" means a

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

  • Hydroelectric energy means water used as the sole source of energy to produce electricity.

  • Renewable Energy Certificate or "REC" means a certificate

  • Electric generation service means the provision of retail

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

  • Energy efficiency means the ratio of output of performance, service, goods or energy, to input of energy;