Indexed Wind, Solar, and Brownfield
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 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 (projects over 5 MW), new utility-scale solar projects (projects over 5 MW), and new brownfield site photovoltaic projects under twenty-year contracts in Summer 2023.
The quantities to be procured are 1,750,000 RECs delivered annually from new utility-scale wind projects, 1,000,000 RECs delivered annually from new utility-scale solar projects, and 65,000 RECs delivered annually from new brownfield site photovoltaic projects.
Deadlines and dates of main events are provided on the Calendar Page. The schedule is subject to revision.
You may register to receive announcements for the Indexed Wind, Solar, and Brownfield RFP through the Register Page by selecting the “Indexed Wind, Solar, and Brownfield” option.
RSVP for the Summer 2023 Indexed REC RFP Webcast here!
Click here to view FAQs related to the Indexed Wind, Solar, and Brownfield RFP.