SPV-13: What are the deposit requirements for participation in the REC RFP?

As specified in the Supplemental Procurement Plan, credit requirements include a refundable deposit per REC of $16/REC ($100/kW) for “speculative” systems and $8/REC ($50/kW) for identified systems.  Half of the deposit will be required before the bid date, with the remaining balance due from winning bidders within 14 days of the announcement of the procurement results.  It is expected that the refundable deposit can be provided as a cash deposit or as a letter of credit.