WND-25: Can you explain the requirement of the REC Contract that RECs be delivered from a Project within 50% of the land area identified in the original site map provided in the Part 1 Proposal?

Section 5(e) of the Coversheet of the REC Contract requires that “at least 50% of the Project is located within the physical location identified.” This means that at least 50% of the Project, or “subset” from your question, must be located within the physical location identified in the Proposal. With each REC delivery, the Seller will be required to represent this is the case.
This provision ensures that the site provided for the Project as part of the Proposal, and for which a description is provided in Table 1 of the REC Contract, is substantially similar to the site of the Project when such Project is fully developed. The Seller must certify that the RECs delivered come from the Project and that such Project is in majority at the site provided in the Proposal. Thus, the Seller cannot substitute another Project in a different location for the Project presented in its Proposal and the development of the Project at the Proposal stage must be sufficient to substantially describe the site.