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Indexed REC-29: Can you confirm if the financial information provided in Section 8 of the Part 1 Form is used for the calculation of Bid Assurance Collateral or Performance Assurance Collateral?

Please note that there are two types of collateral contemplated: (a) Bid Assurance Collateral, which is due on the Part 2 Date to support your bids and (b) Performance Assurance collateral required under the terms of the Indexed REC Contract. Regarding (a) Bid Assurance Collateral, the financial information provided in Section 8 of the Part … Continue reading Can you confirm if the financial information provided in Section 8 of the Part 1 Form is used for the calculation of Bid Assurance Collateral or Performance Assurance Collateral?

Indexed REC-23: Section 8 of the Part 1 Form asks the Bidder to indicate whether the Seller is operating under an Agency Agreement. Can the Project participate if the Seller is not operating under an Agency Agreement?

Section 8 of the Part 1 Form requires that the Bidder indicate whether the Seller is operating under an Agency Agreement. It is not a requirement that Seller operate under an Agency Agreement in order for a Project to be eligible to participate in the Indexed REC RFP. If a Bidder is operating under an … Continue reading Section 8 of the Part 1 Form asks the Bidder to indicate whether the Seller is operating under an Agency Agreement. Can the Project participate if the Seller is not operating under an Agency Agreement?

Indexed REC-22: Would a project on a closed municipal landfill be able to qualify as a brownfield site photovoltaic project?

A project on a closed municipal landfill may be able to qualify as a brownfield site photovoltaic site project as long as it meets the qualification requirements in Sections IV and V of the RFP Rules. In particular, to qualify a brownfield site photovoltaic site the Bidder must indicate whether the project site is an … Continue reading Would a project on a closed municipal landfill be able to qualify as a brownfield site photovoltaic project?

Indexed REC-12: Section 8 of the Part 1 Form asks for financial information regarding the Seller. Can the Project participate if the Seller is not rated by one of the major rating agencies and is not relying on the financial standing of a Guarantor that is rated by the major rating agencies?

Section 8 of the Part 1 Form requires that the Bidder indicate whether the Seller is rated by one or more of the major rating agencies and if so provide all available ratings. Additionally, the Bidder must indicate whether the Seller will rely on the financial standing of a Guarantor during the supply period and … Continue reading Section 8 of the Part 1 Form asks for financial information regarding the Seller. Can the Project participate if the Seller is not rated by one of the major rating agencies and is not relying on the financial standing of a Guarantor that is rated by the major rating agencies?

Indexed REC-11: What are the requirements to demonstrate adequate project maturity?

In the Part 1 Proposal, the Officer of the Seller is required to make a representation that the Project has reached the appropriate development milestones to fully expect that the Project will deliver its first REC to each Company by a date consistent with terms of the Indexed REC Contract. In the Part 1 Proposal, … Continue reading What are the requirements to demonstrate adequate project maturity?