Under the C2S Procurement, the “Seller”, which is the entity that delivers RECs from a Project under the term of the applicable supplier contract for this C2S Procurement and is signatory to the applicable supplier contract must be either the “Owner”, which is the entity that owns the Coal Facility, or an affiliated entity of … Continue reading Is the Seller required to own the Coal Facility?
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C2S-5: Are Projects required to be installed at sites of current or former electric generating facilities that burn or burned coal as their primary fuel source?
In accordance with the IPA Act, projects must be installed at sites of current or former electric generating facilities that burn or burned coal as their primary fuel source and that meet all eligibility criteria specified in Section 1-75(c-5) of the IPA Act. Projects may be installed on property adjacent to such sites if necessary … Continue reading Are Projects required to be installed at sites of current or former electric generating facilities that burn or burned coal as their primary fuel source?
C2S-4: Can you provide an estimate of the Supplier Fee ($/REC) and instructions for payment to the IPA?
Proponents and Sellers are required to pay the Supplier Fee to the Illinois Power Agency (“IPA”) for a Project that has been selected through the C2S Procurement and approved by the Commission no later than seven (7) business days after ICC approval of the results of the procurement event. An estimate of the Supplier Fee … Continue reading Can you provide an estimate of the Supplier Fee ($/REC) and instructions for payment to the IPA?
C2S-3: Can you confirm proposal assurance of collateral in the form of cash or of a letter of credit to each of the Companies is due by the Proposal Due Date?
All materials for the Proposal, including proposal assurance collateral in the form of cash or of a letter of credit to each of the Companies, must be received by 12 PM (noon) CPT on April 13, 2022, the Proposal Due Date.
C2S-2: Is submission of an Expression of Interest form a requirement to participate in the Coal to Solar and Energy Storage Initiative Procurement Events?
Submission of an Expression of Interest form by the January 5, 2022 deadline is not a requirement to participate in the Coal to Solar and Energy Storage Initiative Procurement Events (C2S Procurement). Please see the Coal to Solar Procurement Rules and Appendices posted to the Final Materials page of the Coal to Solar section on … Continue reading Is submission of an Expression of Interest form a requirement to participate in the Coal to Solar and Energy Storage Initiative Procurement Events?
C2S-1: Are the procurement events held under Coal to Solar for solar projects located on or adjacent to coal fueled electric generating facilities only or are solar projects located on or adjacent to coal mines also eligible?
The procurement events held under Coal to Solar will seek to procure renewable energy credits (“RECs”) from new renewable energy facilities that are installed at or adjacent to sites of electric generating facilities that burn or burned coal as their primary fuel source and that meet eligibility criteria specified in Section 1-75(c-5) of the Act. … Continue reading Are the procurement events held under Coal to Solar for solar projects located on or adjacent to coal fueled electric generating facilities only or are solar projects located on or adjacent to coal mines also eligible?