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Indexed REC-77: If I have a 10MW project proposed at this stage and decide later on to build this into a larger project (such as a 25 MW project), can I bid RECs from the size increase into a subsequent procurement? How may I ensure that I only transfer the RECs for a portion of the project that I had originally intended based on the 10MW project size?

As part of the Part 1 Proposal, the Bidder will be required to confirm that the Project being proposed under the Indexed REC RFP has or will have a separate revenue quality meter and will have its own account within PJM EIS GATS or M-RETS. Please refer to FAQ-Indexed REC-40 for additional information on bidding … Continue reading If I have a 10MW project proposed at this stage and decide later on to build this into a larger project (such as a 25 MW project), can I bid RECs from the size increase into a subsequent procurement? How may I ensure that I only transfer the RECs for a portion of the project that I had originally intended based on the 10MW project size?

Indexed REC-74: Is it a requirement for my Project to interconnect with a specific regional transmission organization or utility?

Under the Indexed REC RFP Rules there is no requirement for where a Project must be interconnected or deliver its energy. The Project must either be in Illinois or in a state adjacent to Illinois. However, please note that a Project that is located in a state adjacent to Illinois must meet the public interest … Continue reading Is it a requirement for my Project to interconnect with a specific regional transmission organization or utility?

Indexed REC-68: Will the Bidder have an opportunity to update the Degradation Rate after the submission of the online Part 2 form?

A Bidder will have the opportunity to update the Degradation Rate for purposes of the Product Order of the Indexed REC Contract after the submission of the online Part 2 Form. Any update must be provided no later than 12 PM (noon) on the day after the Procurement Administrator notifies a Bidder that the Bidder … Continue reading Will the Bidder have an opportunity to update the Degradation Rate after the submission of the online Part 2 form?

Indexed REC-46: What is the required amount of bid assurance collateral? Is there a cap on the amount required to each utility?

The amount of bid assurance collateral required for a Project is determined separately for each Company as detailed below. As described in Paragraphs V.2.3 and V.2.5, a Bidder that submits Proposals for multiple Projects may post bid assurance collateral by effecting a single wire transfer to each Company or a single Pre-Bid Letter of Credit … Continue reading What is the required amount of bid assurance collateral? Is there a cap on the amount required to each utility?

Indexed REC-40: If I bid a portion of the anticipated annual REC production from my project in this procurement event and the project is selected and approved, can I propose the same project in a future procurement event for the remainder of the RECs?

A Bidder may submit a bid for a portion of a Project’s output. Please refer to FAQ-Indexed REC-5 for additional information related to submitting an annual quantity that is based on a portion of the Project’s capacity. If in a subsequent procurement event the Bidder proposes the same Project and submits a bid for the … Continue reading If I bid a portion of the anticipated annual REC production from my project in this procurement event and the project is selected and approved, can I propose the same project in a future procurement event for the remainder of the RECs?

Indexed REC-34: Can a brownfield site photovoltaic Project be co-located with another facility on a greenfield site?

Under the Indexed REC RFP, a brownfield site photovoltaic project that is co-located with another facility on a greenfield site must disclose this fact in Section 3 of the online Part 1 Form. Additionally, as part of the Part 1 Proposal, the Bidder will be required to confirm that the Project being proposed under the … Continue reading Can a brownfield site photovoltaic Project be co-located with another facility on a greenfield site?

Indexed REC-33: Will the Companies and the IPA sign a confidentiality agreement?

Please see Section VI.3 of the RFP rules for additional information regarding Confidentiality. Any information provided by a Bidder or Seller in its Part 1 Proposal and Part 2 Proposal is provided on a confidential basis to the Procurement Administrator and may be provided on a confidential basis to the Procurement Monitor, to the IPA, … Continue reading Will the Companies and the IPA sign a confidentiality agreement?

Indexed REC-31: Is the RFP for bundled energy and RECs from the Project?

Renewable Energy Credits (“RECs”) are the sole product being procured in the Indexed REC RFP.  Upon the effective date of Public Act 102-0662, as described in Section 1-75(c)(1)(G)(v), “for all competitive procurements and any procurements of renewable energy credit from new utility-scale wind and new utility-scale photovoltaic projects, the Agency shall procure indexed renewable energy … Continue reading Is the RFP for bundled energy and RECs from the Project?

Indexed REC-30: Do Projects located in Illinois need to meet the public interest criteria?

No, only a Project that is located in a state adjacent to Illinois must meet the public interest criteria specified in Section 1-75(c)(1)(I) of the IPA Act by submitting data about the Project to the IPA and obtaining pre-approval from the IPA that the Project is eligible for Illinois RPS compliance. The evaluation spreadsheet is … Continue reading Do Projects located in Illinois need to meet the public interest criteria?