Please note that to qualify as “utility-scale”, a Project must have a nameplate capacity GREATER than 2,000 kilowatts.
The bid assurance collateral is required with the Part 2 Proposal. The amount required for a Project where the size is rounded down to 2 MW is: $35,000 to AIC in the form of cash or a Pre-Bid Letter of Credit; $35,000 to ComEd in the form of cash or a Pre-Bid Letter of Credit; and $30,000 to MEC in the form of cash or a Pre-Bid Letter of Credit. The collateral requirement is a requirement of the REC Contract and will depend on the winning bid price for the project. The collateral requirement would be in an amount of 50% of the annual contract value (50% of 12,597 x winning bid price).