The evaluation procedure will not select Projects which combine to deliver in excess of 50,000 RECs. If a Project has an expected output of 50,000 RECs (using the standard capacity factor or the capacity factor provided in the proposal) and if the Project is selected by the evaluation and approved by the Commission, then under the terms of the REC Contract, there cannot be payment for more than 50,000 RECs annually.  Payment could be for less than 50,000 RECs annually for a variety of reasons, including the fact that only RECs that are delivered and attributable to subscribed shares of the Project are eligible for payment.