You should calculate the number of RECs that you expect the systems that you have not yet identified to produce annually. For a given system, you can calculate the number of RECs as follows:

(size of system in MW) x (capacity factor for specific technology) x 8760

For example, if you have not yet identified but anticipate a 100 kW photovoltaic system (fixed mount), this would be:

(0.1) x (0.1438) x 8760 = 126 (rounded from 125.97)

If you provide a Forecast Quantity, the Procurement Administrator uses a capacity factor of 14.38% to calculate the associated capacity for purposes of verifying that you meet the 1 MW minimum bid. For example, if you have not identified but anticipate a 100 kW tracking photovoltaic system, the annual RECs would be:

(0.1) x (0.1700) x 8760 = 149 (rounded from 148.92)

The capacity that the Procurement Administrator will associate with a Forecast Quantity of 149 will be:

149 / (0.1438 x 8760) = .11828 MW or 118.28 kW