As used in this chapter:
(1) "Commercially operational" means that a wind or solar electric generation facility generates commercial amounts of electricity.
(2) "Nameplate capacity" means the sum of the maximum rated outputs of all electrical generating equipment within a facility under specific conditions designated by the manufacturer, as indicated on individual nameplates physically attached to the equipment.
(3) "Pass-through entity" means the same as that term is defined in Section 59-10-1402.
(4) "Renewable energy project entity" means a corporation or pass-though entity that directly owns a wind or solar electric generation facility in the state that has executed a power purchase agreement or other binding agreement to purchase the output of a wind or solar electric generation facility owned by the renewable energy project entity after January 1, 2026.
(5)
(a) "Wind or solar electric generation facility" means a commercially operational facility with the capacity to generate electricity from wind or solar that has not reached the end of the facility's operational life that uses:
(i) wind equipment with a nameplate capacity of at least 20 megawatts generating alternating current electricity; or
(ii) solar equipment with a nameplate capacity of at least 20 megawatts generating alternating current electricity.
(b) "Wind or solar electric generation facility" does not include a facility that generates wind or solar electricity primarily for onsite consumption by the owner or tenant of the property on which the facility is located.