The Inserts to the Part 1 Form for each Category of Project are posted to the Final Materials page of the Indexed Wind, Solar, and Brownfield section of the procurement website, under the header “FINAL Fall 2022 Indexed REC RFP Documents”.
Archives
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-28: Section 6 of the Part 1 Form asks for additional Project information. Please confirm if the documentation provided for site control evidence may name another entity besides Seller (such as an affiliate entity of the Seller).
Yes, this is acceptable. If the documentation provided to demonstrate exclusive control for the required area names an affiliate of the Seller, please check the box for this purpose in Second Item of Section 6 in the Part 1 form.
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-13: If we paid a Bid Participation Fee pursuant to participation in a prior 2022 procurement event, do we need to upload evidence of such payment in the Part 1 Form for the Fall 2022 Indexed REC RFP?
A Bidder that paid a Bid Participation Fee pursuant to participation in a prior 2022 procurement event is not required to upload evidence of such payment in the Part 1 Form.
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?
BEC-38: Where can I find the requirements for the financial attestation that must accompany unaudited quarterly or monthly financial data submitted with the Part 1 Proposal in lieu of the SEC Form 10-Q?
The requirements for this financial attestation are provided in Appendix 9 of the RFP Rules. Appendix 9: Financial Attestation is posted to the Final Materials page.
BEC-37: Can we use inserts that we submitted in a previous procurement event to qualify for the upcoming procurement events?
No. Bidders must duly complete and submit the Inserts prepared for the specific procurement event for which the Bidder would like to qualify to participate in. The Inserts for the Fall 2022 BEC RFP were posted to the Final Materials on July 13, 2022.