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Indexed REC-49: If we add battery storage to our Project, how would this be included in the Bid?

First, the Procurement Administrator cannot advise bidders on their bid submissions. The Strike Price that you indicate in your Bid will be used to calculate the payments under the Indexed REC Contract and there is no separate payment adjustment related to additional battery storage under the Indexed REC Contract. Second, with respect to a Project … Continue reading If we add battery storage to our Project, how would this be included in the Bid? →

Indexed REC-36: For purposes of satisfying the Project Labor Agreement requirements in the IPA Act and Section 6.3 of the Indexed REC Contract, is there a requirement that all labor involved on the project be union?

‘Please refer to the Project Labor Agreement Act (30 ILCS 571/25) (“PLA Act”) and the Indexed REC Contract for the requirements. It is the responsibility of Seller to understand and comply with the PLA Act requirements of the Indexed REC Contract, even where a contractor or subcontractor will be the party ultimately performing the complying … Continue reading For purposes of satisfying the Project Labor Agreement requirements in the IPA Act and Section 6.3 of the Indexed REC Contract, is there a requirement that all labor involved on the project be union? →

Indexed REC-35: How does a Project located in a state adjacent to Illinois become pre-approved by the IPA to be eligible for Illinois RPS compliance?

A Project located in a state adjacent to Illinois must complete and submit an eligibility request spreadsheet to the Illinois Power Agency (“IPA”) and the IPA will determine whether the Project meets the public interest criteria in the Act and has been pre-approved to be eligible for Illinois RPS compliance. The evaluation spreadsheet is available … Continue reading How does a Project located in a state adjacent to Illinois become pre-approved by the IPA to be eligible for Illinois RPS compliance? →

Indexed REC-34: If a Seller is successful in this Indexed REC RFP, but ultimately due to significant inflation and interest rate increases prior to construction, the Project is no longer economic at the strike price, are there any remedies available to the Seller who is committed to developing the project? Can the Seller submit a new bid in a subsequent Indexed REC RFP for the Project and if so, what would be the process?

Section 4.1(d) of the Indexed REC Contract outlines the termination of the contract if the Seller determines that it will not be able to construct the Project in a timely manner prior to the REC Delivery deadline. In such a case Seller shall provide a written notice of that determination to Buyer. Buyer shall be … Continue reading If a Seller is successful in this Indexed REC RFP, but ultimately due to significant inflation and interest rate increases prior to construction, the Project is no longer economic at the strike price, are there any remedies available to the Seller who is committed to developing the project? Can the Seller submit a new bid in a subsequent Indexed REC RFP for the Project and if so, what would be the process? →

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-30: Can a Bidder change the size of their Project during the Part 2 Window after submitting the Part 1 Proposal?

No, as stated in Section IV.2.2 of the RFP Rules, once the Part 1 Proposal is complete, the size of the Project cannot be changed for purposes of the Part 2 Proposal. For avoidance of doubt, the restriction to size changes is limited from the time the Part 1 Proposal is complete through the fourteen … Continue reading Can a Bidder change the size of their Project during the Part 2 Window after submitting the Part 1 Proposal? →

Indexed REC-27: Can a Bidder submit a Part 1 Proposal for a Project and ultimately not move forward with submitting a Part 2 Proposal? Are we required to notify the Illinois Power Agency if we decide not to submit a Part 2 Proposal for a Project?

A Bidder may submit a Part 1 Proposal for a Project, and later decide to not submit a Part 2 Proposal for that Project. If a Bidder ultimately decides not to present a Part 2 Proposal for a Project that qualified through a successful Part 1 Proposal, such Bidder should notify the Procurement Administrator by … Continue reading Can a Bidder submit a Part 1 Proposal for a Project and ultimately not move forward with submitting a Part 2 Proposal? Are we required to notify the Illinois Power Agency if we decide not to submit a Part 2 Proposal for a Project? →

Indexed REC-25: Is the Bidder bound to bid the Indicative Quantity of RECs provided in the Part 2 Form?

The Bidder must provide in the online Part 2 Form an indicative quantity of RECs for the Project that represents what the Bidder intends to offer as the full quantity. This indicative quantity of RECs is specified as an annual quantity of RECs. The indicative quantity provided in this section is not binding in that … Continue reading Is the Bidder bound to bid the Indicative Quantity of RECs provided in the Part 2 Form? →

Indexed REC-24: Are Bids evaluated independently for each Category of Project?

The evaluation of bids proceeds independently for each Category as described in paragraph I.2.11. of the RFP Rules. In the first step, for a given Category, the evaluation of bids eliminates the bids with strike prices that fail to meet or beat the benchmark. Benchmarks are established by the Procurement Administrator, in consultation with the … Continue reading Are Bids evaluated independently for each Category of Project? →