The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the Solar REC markets that SRECTrade serves. All PJM data is based on the information available in PJM GATS as of the date noted. All MA data is based on the information provided by the DOER as of the date noted. This analysis does not include projects that are not yet registered and certified with the entities noted herein.
A PDF copy of this table can be found here.
There are 61,869 facilities registered in GATS as of 6/4/2015. See below for a more detailed breakdown.
There are 316 projects over 1 MW in capacity, representing 1,005.5 MW or 44.5% of the qualified capacity. The largest projects in PJM are concentrated in NC and MD. There are 50 projects that are 5 MW or larger. These make up 22.3% of all qualified capacity in PJM. The top 5 largest projects are listed below.
SREC-I Program
The Massachusetts SREC-I program was capped on June 30, 2014. As of 6/15/2015 the DOER reported that 6.7 MW of solar is still listed as Qualified but not operational. In total, 653.8 MW of capacity is listed as qualified, of which 647.1 MW is operational.
SREC-II Program
The SREC-II program opened on April 25, 2014. The program is broken in to Market Sectors. For a detailed overview of the regulations regarding SREC-II please visit here. As of 6/15/2015, 288.5 MW of capacity is currently qualified under the SREC-II program, but only 132.7 MW is operational.
Starting May 15, 2015 the DOER began publishing data showing generation units under review in the SREC-II Program. Total capacity under Review is 59.0 MW, of which 25.1 MW is operational.
The tables above demonstrate the capacity breakout by state. Note, that for all PJM GATS registered projects, each state includes all projects certified to sell into that state. State RPS programs that allow for systems sited in other states to participate have been broken up by systems sited in-state and out-of-state. Additional detail has been provided to demonstrate the total capacity of systems only certified for one specific state market versus being certified for multiple state markets. For example, PA includes projects only certified to sell into the PA SREC market, broken out by in-state and out-of-state systems, as well as projects that are also certified to sell into PA and Other State markets broken out by in state and out of state systems (i.e. OH, DC, MD, DE, NJ). PA Out-of-State includes systems sited in states with their own state SREC market (i.e. DE) as well as systems sited in states that have no SREC market (i.e. VA). Also, it is important to note that the Current Capacity represents the total megawatts eligible to produce and sell SRECs as of the noted date, while the Estimated Required Capacity – Current and Next Reporting Year represents the estimated number of MW that need to be online on average throughout the reporting period to meet the RPS requirement within each state with only that particular compliance period vintage. For example, New Jersey needed approximately 496.7 MW online for the entire 2013 reporting year to meet the RPS requirement with 2013 vintage SRECs only. SRECs still available from prior eligible periods can also impact the Solar RPS requirements. Additionally, the data presented above does not include projects that are in the pipeline or currently going through the registration process in each state program. This data represents specifically the projects that have been approved for the corresponding state SREC markets as of the dates noted.
Note: SREC requirements for markets without fixed SREC targets have been forecast based on EIA Report “Retail Sales of Electricity by State by Provider” through 2013. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200 MWh in PJM states and 1,160 MWh in MA, generated per MW of installed capacity per year.
TweetOn May 28, 2015, SRECTrade hosted a webinar for the Illinois Supplemental PV Procurement Program. The webinar covered the following:
For the presentation slides click here. To view a recording, see below:
The application and registration process opens on Friday, May 29th and will close on Thursday, June 11th. Contact us by email: clientservices@srectrade.com or by phone: 877-466-4606 with any questions.
Note: The presentation was updated to amend the bid results announcement to fall between June 24-25th; subject to notice from the Illinois Power Agency (IPA)
TweetLast week, SRECTrade was invited to present at the Northeast Renewable Energy Credit Round Table hosted by the Environmental Markets Association (EMA). The presentation provides a fundamental look into the PA, NJ and MD SREC markets.
The presentation covers the following topics on each state SREC program.
Feel free to contact us with any questions.
The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the Solar REC markets that SRECTrade serves. All PJM data is based on the information available in PJM GATS as of the date noted. All MA data is based on the information provided by the DOER as of the date noted. This analysis does not include projects that are not yet registered and certified with the entities noted herein.
A PDF copy of this table can be found here.
There are 60,643 facilities registered in GATS as of 5/14/2015. See below for a more detailed breakdown.
There are 314 projects over 1 MW in capacity, representing 1,002.4 MW or 44.6% of the qualified capacity. The largest projects in PJM are concentrated in NC and MD. There are 50 projects that are 5 MW or larger. These make up 22.4% of all qualified capacity in PJM. The top 5 largest projects are listed below.
SREC-I Program
The Massachusetts SREC-I program was capped on June 30, 2014. As of 5/15/2015 the DOER reported that 8.0 MW of solar is still listed as Qualified but not operational. In total, 654.4 MW of capacity is listed as qualified, of which 646.4 MW is operational.
SREC-II Program
The SREC-II program opened on April 25, 2014. The program is broken in to Market Sectors. For a detailed overview of the regulations regarding SREC-II please visit here. As of 4/15/2015, 272.8 MW of capacity is currently qualified under the SREC-II program, but only 118.6 MW is operational.
Starting May 15, 2015 the DOER began publishing data showing generation units under review in the SREC-II Program. Total capacity under Review is 72.4 MW, of which 23.0 MW is operational.
The tables above demonstrate the capacity breakout by state. Note, that for all PJM GATS registered projects, each state includes all projects certified to sell into that state. State RPS programs that allow for systems sited in other states to participate have been broken up by systems sited in-state and out-of-state. Additional detail has been provided to demonstrate the total capacity of systems only certified for one specific state market versus being certified for multiple state markets. For example, PA includes projects only certified to sell into the PA SREC market, broken out by in-state and out-of-state systems, as well as projects that are also certified to sell into PA and Other State markets broken out by in state and out of state systems (i.e. OH, DC, MD, DE, NJ). PA Out-of-State includes systems sited in states with their own state SREC market (i.e. DE) as well as systems sited in states that have no SREC market (i.e. VA). Also, it is important to note that the Current Capacity represents the total megawatts eligible to produce and sell SRECs as of the noted date, while the Estimated Required Capacity – Current and Next Reporting Year represents the estimated number of MW that need to be online on average throughout the reporting period to meet the RPS requirement within each state with only that particular compliance period vintage. For example, New Jersey needed approximately 496.7 MW online for the entire 2013 reporting year to meet the RPS requirement with 2013 vintage SRECs only. SRECs still available from prior eligible periods can also impact the Solar RPS requirements. Additionally, the data presented above does not include projects that are in the pipeline or currently going through the registration process in each state program. This data represents specifically the projects that have been approved for the corresponding state SREC markets as of the dates noted.
Note: SREC requirements for markets without fixed SREC targets have been forecast based on EIA Report “Retail Sales of Electricity by State by Provider” through 2013. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200 MWh in PJM states and 1,160 MWh in MA, generated per MW of installed capacity per year.
TweetMaryland Governor, Larry Hogan, recently signed HB1087 and SB398. The bills help make community shared solar possible in the state of Maryland.
Community Shared Solar Overview
Community shared solar is a way for residents and businesses who could not otherwise go solar to benefit from the various financial, energy saving, and environmental advantages of solar energy. Community members can own a portion of a nearby solar installation and subsequently receive financial or energy savings through credits to their utility bill. Community shared solar is important because it gives homeowners and business with unsuitable roofs the opportunity to procure power from distributed generation solar resources. Also, individuals or businesses renting a home or office can also benefit from the community solar utility bill crediting system. Community solar could have a substantial impact on a large number of people that are not able to go solar. In a recent report, the Department of Energy and NREL estimate that 49% of households and 48% of businesses are unable to go solar because they lack sufficient roof space or are renters.
Maryland Community Shared Solar Program Details
The pilot program will run for three years, during which the state will see its first community shared solar projects built.
The program allows for utility ownership of community solar projects and also requires that utilities buy back unused electricity from privately developed solar facilities. Similar to other photovolatic (PV) and solar thermal projects, community solar projects in the state will participate in the Maryland Solar Renewable Energy Credit (SREC) program.
In addition to the pilot program, the state will study the costs & benefits of community shared solar to Maryland. The study is intended to provide the basis for a General Assembly vote to create a permanent community shared solar program.
TweetOn April 23, 2015, SRECTrade hosted a webinar introducing a new facility management feature for solar installation and development partners. This new feature will help partners more effectively track referred solar facilities from the start of the application process through ongoing SREC sales.
Key features include:
For access to the slides please click here: SRECTrade 04/23/15 Facility Management Product Overview. For a video recording of the webinar, click the image below.
This document and recording is protected by copyright laws and contains material proprietary to SRECTrade, Inc. It or any components may not be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner without the express prior written permission of SRECTrade, Inc. The receipt or possession of this document does not convey any rights to reproduce, disclose, or distribute its contents, or to manufacture, use, or sell anything that it may describe, in whole or in part. If consent to use these materials is granted, a link to the current version of this document on the SRECTrade website must be included for reference.
TweetThe following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the Solar REC markets that SRECTrade serves. All PJM data is based on the information available in PJM GATS as of the date noted. All MA data is based on the information provided by the DOER as of the date noted. This analysis does not include projects that are not yet registered and certified with the entities noted herein.
A PDF copy of this table can be found here.
There are 58,472 facilities registered in GATS as of 4/8/2015. See below for a more detailed breakdown.
There are 314 projects over 1 MW in capacity, representing 1,002.4 MW or 45.2% of the qualified capacity. The largest projects in PJM are concentrated in NC and MD. There are 50 projects that are 5 MW or larger. These make up 22.7% of all qualified capacity in PJM. The top 5 largest projects are listed below.
SREC-I Program
The Massachusetts SREC-I program was capped on June 30, 2014. As of 4/15/2015 the DOER reported that 19.1 MW of solar is still listed as Qualified but not operational. In total, 654.8 MW of capacity is listed as qualified, of which 635.6 MW is operational.
SREC-II Program
The SREC-II program opened on April 25, 2014. The program is broken in to Market Sectors. For a detailed overview of the regulations regarding SREC-II please visit here. As of 4/15/2015, 261.2 MW of capacity is currently qualified under the SREC-II program, but only 102.8 MW is operational.
The tables above demonstrate the capacity breakout by state. Note, that for all PJM GATS registered projects, each state includes all projects certified to sell into that state. State RPS programs that allow for systems sited in other states to participate have been broken up by systems sited in-state and out-of-state. Additional detail has been provided to demonstrate the total capacity of systems only certified for one specific state market versus being certified for multiple state markets. For example, PA includes projects only certified to sell into the PA SREC market, broken out by in-state and out-of-state systems, as well as projects that are also certified to sell into PA and Other State markets broken out by in state and out of state systems (i.e. OH, DC, MD, DE, NJ). PA Out-of-State includes systems sited in states with their own state SREC market (i.e. DE) as well as systems sited in states that have no SREC market (i.e. VA). Also, it is important to note that the Current Capacity represents the total megawatts eligible to produce and sell SRECs as of the noted date, while the Estimated Required Capacity – Current and Next Reporting Year represents the estimated number of MW that need to be online on average throughout the reporting period to meet the RPS requirement within each state with only that particular compliance period vintage. For example, New Jersey needed approximately 496.7 MW online for the entire 2013 reporting year to meet the RPS requirement with 2013 vintage SRECs only. SRECs still available from prior eligible periods can also impact the Solar RPS requirements. Additionally, the data presented above does not include projects that are in the pipeline or currently going through the registration process in each state program. This data represents specifically the projects that have been approved for the corresponding state SREC markets as of the dates noted.
Note: SREC requirements for markets without fixed SREC targets have been forecast based on EIA Report “Retail Sales of Electricity by State by Provider” through 2013. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200 MWh in PJM states and 1,160 MWh in MA, generated per MW of installed capacity per year.
TweetOn April 7, 2015, SRECTrade hosted an introductory webinar on the Illinois Supplement Photovoltaic (PV) Procurement program. The presentation covers the program developed by the Illinois Power Agency (IPA) to buy SRECs from IL sited solar facilities. For access to the slides please click here: SRECTrade 04/07/15 IL SREC Update. For a video recording of the webinar, click the image below.
This document and recording is protected by copyright laws and contains material proprietary to SRECTrade, Inc. It or any components may not be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner without the express prior written permission of SRECTrade, Inc. The receipt or possession of this document does not convey any rights to reproduce, disclose, or distribute its contents, or to manufacture, use, or sell anything that it may describe, in whole or in part. If consent to use these materials is granted, a link to the current version of this document on the SRECTrade website must be included for reference.
TweetAs of April 2, 2015, below is a summary of indicative pricing across the SREC markets SRECTrade covers (for a PDF copy click here).
Note: All pricing and notes included are indicative and subject to change. Please contact us for most current markets. If a market is not quoted herein, please contact us directly for further information.
This document is protected by copyright laws and contains material proprietary to SRECTrade, Inc. It or any components may not be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner without the express prior written permission of SRECTrade, Inc. The receipt or possession of this document does not convey any rights to reproduce, disclose, or distribute its contents, or to manufacture, use, or sell anything that it may describe, in whole or in part. If consent to use these materials is granted, a link to the current version of this document on the SRECTrade website must be included for reference.
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