Announcements


W&S-116: Can you clarify whether the targets for the initial forward procurements are in terms of annual RECs or in terms of the total RECs to be delivered during the fifteen years of the REC Contract? Have the targets for future procurement events been developed, either in terms of RECs or in terms of MW?

The initial forward procurements under Public Act 99-0906 (“Act”) are for the procurement of 1,000,000 RECs annually from utility-scale wind projects and 1,000,000 RECs annually from utility-scale solar projects or brownfield site photovoltaic projects. The Act specifies that there will be a single procurement event for utility-scale wind projects and there will be multiple procurement events for utility-scale solar projects and brownfield site photovoltaic projects.  For this first procurement event, the targets are the procurement of 1,000,000 RECs annually from utility-scale wind projects and the procurement of 200,000 RECs annually from utility-scale solar projects or brownfield site photovoltaic projects.  At this point, the targets for future procurement events for solar projects have not been developed.

There is no capacity target for this procurement events; only targets of annual RECs.