The Indexed REC RFP will seek to procure renewable energy credits (“RECs”) from new utility-scale wind projects, new utility-scale solar projects, and new brownfield site photovoltaic projects. As defined by the Act, a utility-scale solar project means an electric generating facility that generates electricity using photovoltaic cells and that has a nameplate capacity greater than 5,000 kW (AC rating). A Project that first started operations on or before June 1, 2017 is not eligible to participate in this RFP.
In order to submit a Bid for a Project, a Bidder must submit a Proposal, which consists of two parts. The first part of the Proposal, the Part 1 Proposal, is the Bidder’s response to the qualification standards described in Article IV of the RFP Rules for a Project. The qualification standards are set to provide assurances that the Project can satisfy the requirements of the Act and to establish that the Seller accepts the terms of, and can meet the obligations under, the applicable supplier contract for this RFP. The second part of the Proposal, the Part 2 Proposal, includes the bids and financial guarantees to support the bids. The Part 2 Proposal is described in detail in Article V.
Please review Articles IV and V of the RFP Rules when available for additional requirements of utility-scale solar projects and details on the bidding process.