A Seller that intends to supply RECs associated with systems in the 25-Plus Category (i.e., systems that are 25 kW or over) must identify each such system by providing the information required under the qualification standards in the Part 1 Proposal. In particular, such Seller will provide the location of the system (or system site), will identify the owner of the system, and will identify the owner of the system site. The Seller will be required to certify in its Part 1 Proposal that the characteristics of the systems presented in the Proposal are true and accurate to the best of the Seller’s knowledge and belief.

If a Seller intends to supply RECs associated with systems in the Sub-25 Category (i.e., systems that are below 25 kW), the Seller may, but is not required to, identify each such system by providing the information required under the qualification standards.  If such Seller intends to bid a quantity of RECs that are not associated with identified systems, this quantity will be called a “forecast quantity” (also referred to as a “speculative bid”). If the bidder is awarded forecast quantities, the bidder will then have six months after the Bid Date to identify the systems and twelve months thereafter to install and energize the systems.

Please also refer to Section 3.9 of the SPV Contract regarding restrictions on the ability to change the system size and Section 3.10 of the SPV Contract regarding substitute systems.