Indexed REC RFP – ANNOUNCEMENT: Fall 2022 Indexed REC RFP for Wind, Solar, and Brownfield Projects Scheduled

Public Act 102-0662 (the “Climate and Equitable Jobs Act”) was signed into law and became effective on September 15, 2021. In accordance with Public Act 102-0662, the Illinois Power Agency (“IPA”) filed its revision to its Long-Term Renewable Resources Procurement Plan (“2022 Long-Term Plan”) with the Illinois Commerce Commission (“ICC”) on March 21, 2022. The ICC issued a Final Order approving the 2022 Long-Term Plan with modifications on July 14, 2022.

As approved by the ICC, the 2022 Long-Term Plan provides for a procurement of Indexed Renewable Energy Credits (“Indexed RECs”) from new utility-scale wind projects, new utility-scale solar projects, and new brownfield site photovoltaic projects this Fall 2022. Bidders may begin submitting qualification materials for Projects in mid-October and Bids will be due on December 9, 2022.

Two rounds of written comments will be solicited in August through September. A first draft Indexed REC Contract along with preliminary proposal requirements will be posted on Friday, August 12, 2022 and a request for stakeholder feedback will be issued. Comments under this first round will be due by Friday, August 26, 2022.

The complete schedule for the Fall 2022 Indexed REC RFP is posted to the Calendar page of the procurement website.