Common use of Capacity Factor Clause in Contracts

Capacity Factor. ▇▇▇▇ proposes to set the capacity factor at 0.4 (i.e., 40 percent) for the year in which the commercial operations begin and for the first 6 years of commercial operations on the lease. At the end of the sixth year, BOEM may adjust the capacity factor to reflect the performance over the previous 5 years based upon the actual metered electricity generation at the delivery point to the electrical grid. BOEM may make similar adjustments to the capacity factor once every 5 years thereafter.

Capacity Factor. ▇▇▇▇ BOEM proposes to set the capacity factor at 0.4 (i.e., 40 percent) for the year in which the commercial operations begin date occurs and for the first 6 six years of commercial operations on the lease. At the end of the sixth year, BOEM ▇▇▇▇ may adjust the capacity factor to reflect the performance over the previous 5 five years based upon the actual metered electricity generation at the delivery point to the electrical grid. BOEM may make similar adjustments to the capacity factor once every 5 five years thereafter.

Capacity Factor. ▇▇▇▇ proposes to set the capacity factor at 0.4 0.3 (i.e., 40 30 percent) for the year in which the commercial operations begin date occurs and for the first 6 years of commercial operations on the lease. At the end of the sixth year, BOEM may adjust the capacity factor to reflect the performance over the previous 5 years based upon the actual metered electricity generation at the delivery point to the electrical grid. BOEM may make similar adjustments grid or where the electricity is used to the capacity factor once every 5 years thereaftergenerate hydrogen or other energy products.