Renewable Energy Law definition
Examples of Renewable Energy Law in a sentence
Under the Renewable Energy Law, the higher costs incurred for purchasing electricity generated by renewable energy as compared to costs calculated on the basis of the average on-grid tariff for electricity generated by conventional energy sources shall be compensated by the amount collected by way of a renewable energy tariff imposed on the sale of electricity nationwide.
The electricity to be generated by the Project, as constructed, will be eligible for Portfolio Credits usable by the New Member (or any designee of the New Member permitted under applicable law to use such Portfolio Credits) toward meeting the Nevada renewable portfolio standard requirements under the Nevada Renewable Energy Law, and the Company has or will have all right, power and authority to transfer such Portfolio Credits to the New Member as contemplated by the Closing Date Company LLC Agreement.
With reference to the Renewable Energy Law, on-grid tariffs of renewable energy power generation projects shall be determined by a competent pricing department of the State Council of the PRC taking into account various factors and in accordance with the principle of promoting the development and utilisation of renewable energy, with timely adjustments made based on the development of technology utilisation.
NV Energy shall use commercially reasonable efforts to mitigate damages by marketing to other persons the Portfolio Energy Credits that would have been purchased by Customer under this Agreement or using the Portfolio Energy Credits for NV Energy’s compliance with the Renewable Energy Law requirements.
DLR #3.3: A new 900,000 Electricity Law and a new Energy Efficiency and Renewable Energy Law aligned with the CEPA agreement have been submitted to the National Assembly, defining the functions of the TSO and energy storage investment activities in line with EU standards.