Renewable Energy Certificate Record Keeping Clause Samples
The Renewable Energy Certificate (REC) Record Keeping clause establishes requirements for maintaining accurate and up-to-date records of all RECs generated, transferred, or retired under an agreement. Typically, this involves specifying the format, frequency, and responsible party for documenting REC transactions, as well as ensuring that records are accessible for audits or regulatory review. By mandating systematic record keeping, the clause ensures transparency and accountability in REC management, helping parties verify compliance and resolve disputes related to renewable energy claims.
Renewable Energy Certificate Record Keeping. Seller will deliver, to the extent applicable, the Attestation and Disclosure Document, in a form similar to that attached hereto, or in such other form as may be required from time to time by such Certification Authority or as may from time to time be mutually agreed to by the Parties pursuant to the terms of the Applicable Program. I, , as the authorized representative of [Company Name] (“Seller”) declare that Seller hereby sells, transfers and delivers to Buyer the Product (including, unless otherwise specified, all Environmental Attributes and Product Reporting Rights) associated with the generation and delivery of energy to Buyer from the Renewable Energy Facility as described below, in the amount of one REC for each megawatt hour generated as Delivery of [Product], as said term is defined in the Product Order with a Trade Date of , 20 with Buyer pursuant to a Master Renewable Energy Certificate Purchase and Sale Agreement (the “Agreement”) with Buyer dated (initially capitalized terms defined in the Agreement and Schedule P thereto), and that the RECs sold hereunder:
Renewable Energy Certificate Record Keeping. Upon Delivery of the Product as provided hereunder, Seller will deliver to the extent applicable, the Attestation and Disclosure Document, in a form similar to that attached hereto as Exhibit A, or in such other form as may be required from time to time by such Certification Authority or as may from time to time be mutually agreed to by the Parties pursuant to the terms of the Applicable Program.
Renewable Energy Certificate Record Keeping. Party A will deliver to the extent applicable, the Attestation in a form similar to that attached hereto as Exhibit A, or in such other form as may be required from time to time by such Certification Authority or as may from time to time be mutually agreed to by the Parties pursuant to the terms of the Applicable Program.