Public Act 99-0906, which became effective June 1, 2017, calls for an initial forward procurement of one million renewable energy credits (“RECs”) annually from new utility-scale wind projects and of one million RECs annually from new utility-scale solar projects and brownfield site photovoltaic projects. The delivery of RECs may begin as early as June 1, 2019 but not later than June 1, 2021.
The first event under this initial forward procurement begins with the posting of the calendar. An invitation to comment on the draft standard contract form will be issued later today. The first procurement event will seek the entirety of the one million RECs annually from new utility-scale wind projects and will seek a portion of the one million RECs annually from new utility-scale solar projects and brownfield site photovoltaic projects. There will be multiple events to procure RECs from new utility-scale solar projects and brownfield site photovoltaic projects.
Two webcasts will be held for the upcoming procurement event:
- A first webcast (called the “virtual contract workshop” in the procurement event calendar) will be held at 11 AM Central Prevailing time on Tuesday, June 6, 2017. The objective of the webcast is to present the main terms of the draft standard contract form to prepare participants for submitting their comments. You may RSVP for the webcast by providing your name, company, and the number of lines needed at Illinois-RFP@nera.com.
- The second webcast is planned for June 28, 2017 to present the terms of the final standard contract form and RFP requirements. A further announcement will provide additional details.
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