Under the Indexed REC Fall 2022 Rules, in the Part 1 Proposal, the Officer of the Seller is required to make a representation that the Project has reached the appropriate development milestones to fully expect that the Project will deliver its first REC to each Company by a date consistent with terms of the Indexed REC Contract. In the Part 1 Proposal, an RFP Bidder will also be required to provide documentation to demonstrate adequate project maturity. The RFP Bidder must provide, if available for the Project, one of the following:
- the Queue/OASIS ID from PJM and a copy of the completed System Impact Study from PJM for the Project; or
- the Project Number from MISO and a copy of the Preliminary System Impact Study under Definitive Planning Phase 1 (“DPP 1”) under the DPP-2020-Cycle 1 or a later study cycle; or
- the Project Number from MISO and a copy of the fully executed interconnection agreement for the Project; or
- a fully executed interconnection agreement with a utility for the Project.
If none of the information bulleted above is available for the Project, or if the Bidder cannot provide a document that shows that the Project is further in the interconnection process, then the Bidder must: (i) describe the stage of development of the Project applicable to the point of interconnection and to the size of the Project; and (ii) demonstrate control for a portion of the Project site as described in Paragraph IV.6.2 of the RFP Rules.
According to Paragraph IV.6.2 of the RFP Rules, a “Bidder that demonstrates site control to meet the requirements of Paragraph IV.6.1, must do so for a portion of the Project site that covers an area of at least 40 acres times the Project size for a utility-scale wind project, an area of at least 4 acres times the Project size for a utility-scale solar project, or an area of at least 3 acres times the Project size for a brownfield site photovoltaic project.” For example, if the Project size for a brownfield site project is 10 MW, then the Bidder must demonstrate control for 30 acres included in the Project site.