The results pertaining to procurement of RECs from Utility-Scale Solar projects can be found at the following links: Fall 2017 Wind and Solar RFP: https://www.ipa-energyrfp.com/?wpfb_dl=1612 Spring 2018 New Solar RFP: https://www.ipa-energyrfp.com/?wpfb_dl=1611 and https://www.ipa-energyrfp.com/?wpfb_dl=1629 Fall 2018 Brownfield and Utility-Scale Solar RFP: https://www.ipa-energyrfp.com/?wpfb_dl=1830
While the Long-Term Renewable Resources Procurement Plan (“Plan”) does not have specific provisions for this contingency, the IPA is currently considering options related to a potential subsequent procurement.
The results of the Brownfield and Utility-Scale Solar RFP were released in accordance with the Section 15-111.5(h) of the Public Utilities Act and Prior Commission Orders and no other information will be made public.
Each bid in the Brownfield and Utility-Scale Solar RFP consists of a) a proposed quantity of RECs to be delivered annually from the project (based on the project’s nameplate capacity) as well as b) a price to be paid to the Seller for each REC delivered. Given that the two project types are subject to … Continue reading I noticed that no RECs were procured from brownfield site photovoltaic projects in the latest procurement event. What was the basis for this decision and how could such an outcome arise?
No, it is not required to update the site description provided with the Proposal in the future. With each REC delivery, the Seller will be required to represent that at least 50% of the Project is located within the physical location identified in the Proposal.
If the Commission approves the Bid for a Project, the Procurement Administrator allocates the quantity of RECs selected by the evaluation procedure to each Company (29.33% to AIC, 70.34% to ComEd, and 0.33% to MEC, subject to rounding).
If the Commission approves the Bid for a Project, the Procurement Administrator allocates the quantity of RECs selected by the evaluation procedure to each Company. The beneficiary information for each Company for the post-bid letter of credit is provided below: Managing Supervisor Credit Risk Management Attention: Tim Moloney Ameren Services 1901 Chouteau Avenue, MC 960 … Continue reading What are the addresses for the beneficiaries for the post-bid letter of credit?
Yes, it is acceptable to first post cash and then replace the cash with a letter of credit at a later point.
No. Under the Brownfield and Utility-Scale RFP, each Company initiates the return of the posted cash, for a Seller that has a Project with an approved Bid, once: (1) you have fully executed the REC Contract and provided any required Performance Assurance; (2) you have paid the Supplier Fee to the IPA; and (3) the … Continue reading If we have a Project with an approved Bid, will the cash we posted as bid assurance collateral be returned before we post Performance Assurance under the REC Contract?
No, this is not acceptable. For a Project, a Bid includes one (1) price per REC for one (1) annual quantity of RECs that the Seller is offering to deliver under the terms of the REC Contract between the Company and the Seller.