Year-1 Contract Capacity Factor definition

Year-1 Contract Capacity Factor means, with respect to a Designated System, the capacity factor of such Designated System recorded in Schedule B to the Product Order, which the first Delivery Year Expected REC Quantity in the delivery schedule is based on. Unless otherwise stated, the Year-1 Contract Capacity Factor shall be equal to the result obtained by dividing the Contract Capacity Factor by 0.9657.
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Year-1 Contract Capacity Factor means, with respect to a Designated System, the capacity factor of such Designated System recorded in Schedule B to the Product Order, which the first Delivery Year Expected REC Quantity in the delivery schedule is based on. Unless otherwise stated, the Year-1 Contract Capacity Factor shall be equal to the result obtained by dividing the Contract Capacity Factor by 0.9539.
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Year-1 Contract Capacity Factor means, with respect to a Designated System, the capacity factor of such Designated System recorded in Schedule B to the Product Order, which the first Delivery Year Expected REC Quantity in the delivery schedule is based on. Unless otherwise stated, the 15 NTD: IPA Act Section 1-75(c)(1)(L)(iv): “If generation of renewable energy credits during a delivery year exceeds the estimated annual generation amount, the excess renewable energy credits shall be carried forward to future delivery years and shall not expire during the delivery term.” 16 NTD: IPA Act Section 1-75(c)(1)(G)(iv)(2)(A): “Notwithstanding anything to the contrary, for those renewable energy credits procured from projects that were on the waitlist for this category before the opening of this block 20% of the renewable energy credit delivery contract value, based on the estimated generation during the first 15 years of operation, shall be paid by the contracting utilities at the time that the facility producing the renewable energy credits is interconnected at the distribution system level of the utility and verified as energized by the Program Administrator. The remaining portion shall be paid ratably over the subsequent 4-year period.”
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Examples of Year-1 Contract Capacity Factor in a sentence

  • The Delivery Year Expected REC Quantity for the first (1st) Delivery Year is the multiplicative product of (a) the Contract Nameplate Capacity (MW), (b) the Year-1 Contract Capacity Factor, and (c) 8,760 hours, which result shall be rounded down to the nearest whole REC.

  • The Year-1 Contract Capacity Factor shall be equal to the result obtained by dividing the Contract Capacity Factor by 0.9657.

  • The Year-1 Contract Capacity Factor shall be equal to the result obtained by dividing the Contract Capacity Factor by 0.9539.

  • The Delivery Year Expected REC Quantity for the first (1st) Delivery Year (i.e., 2021-2022) is the multiplicative product of (a) the Contract Nameplate Capacity (MW), (b) the Year-1 Contract Capacity Factor, and (c) 8,760 hours, which result shall be rounded down to the nearest whole REC.

  • For example, for a 1 MW AC project with a Year-1 Contract Capacity Factor of 17.003210%, for Delivery Year 2021-2022, the Delivery Year Expected REC Quantity of multiplying (a) 1 MW AC and (b) 17.003210% and (c) 8,760 hours rounding down to the nearest whole REC.

  • For example, for a 1 MW AC project with a Year-1 Contract Capacity Factor of 17.003879%, for Delivery Year 2021-2022, the Delivery Year Expected REC Quantity of 1,489 RECs is obtained by multiplying (a) 1 MW AC and (b) 17.003879% and (c) 8,760 hours rounding down to the nearest whole REC.

  • For example, for a 1 MW AC project with a Year-1 Contract Capacity Factor of 17.003210%, for Delivery Year 2020-2021, the Delivery Year Expected REC Quantity is obtained by multiplying (a) 1 MW AC and (b) 17.003210% and (c) 8,760 hours rounding down to the nearest whole REC.

  • Contract Price = $____/REC Actual Capacity Factor: _____% Contract Capacity Factor: _____% Year-1 Contract Capacity Factor: ______% Actual Nameplate Capacity: _______kW (AC Rating) Contract Nameplate Capacity: _______kW (AC Rating) Designated System Contract Maximum REC Quantity = _______RECs REC Purchase Payment Amount = $________________ Collateral Requirement = $________________ Stranded Customer REC Adder, if applicable: [ ] Yes.