After successfully passing Bill 1243, Connecticut will be moving to an SREC-based solar financing program in 2012 (technically referred to as ZREC or LREC for “low-” or “zero-” emission). Per the guidelines set forth in the legislation, the state’s electricity suppliers must propose plans for the SREC solicitation program by the end of this year. Given that the law doesn’t require the first contracts to be signed until the end of 2012, we expect the details for the Connecticut SREC program to be finalized in mid- to late-2012.
In an effort to bridge the time until SRECs launch in Connecticut, the Clean Energy Finance and Investment Authority (formerly CT Clean Energy Fund) has developed a solicitation for solar projects by experienced developers. $4.5M in solar funding is available through the competitive RFP. The solicitation period will be open until December 30, 2011 and results will be announced in March 2012. However, any projects that take the grant will not be eligible for the SREC program commencing in late 2012. The CEFIA will hold an information session at the Department of Energy and Environmental Protection, 79 Elm Street, Hartford, CT on October 12, 2011. See below for more information and check out this website for complete details.
TweetThe Clean Energy Finance and Investment Authority (CEFIA), formerly the Connecticut Clean Energy Fund (CCEF), has combined the former Best of Class and Public Buidlings solicitations. The new solicitation, the On-Site Renewable Distributed Generation (OSDG) Program Best of Class, Public Buildings and Affordable Housing Request for Proposals (RFP) solicits applications from eligible entities working with experienced renewable energy developers. There will be a strong emphasis on evaluating the financial feasibility of proposed projects as well as the ability of applicants to complete project construction in a timely manner. The intent of the funding is to enable owners of eligible renewable energy systems to “break even” over the life of the equipment, with a fair and reasonable return on investment compared to purchasing the equivalent amount of power from an electric utility company.
CEFIA is currently offering OSDG grants through an RFP format. The OSDG Best of Class, Public Buildings and Affordable Housing RFP will be offered to bridge the time until the launch of the Zero-Emission and Low-Emission Renewable Energy Certificate (REC) programs become available to the market and to prepare the market for the transition from a grant-based program model to a REC-based program model. The competitive, solar photovoltaic (PV) only RFP will close at 5:00 p.m. EST on December 30, 2011. The closing date for the rolling submission, other technologies RFP will be announced in early October 2011.
Funding available under this RFP is as follows:
Best of Class, Public Buildings and Affordable Housing
Type of RFP PV
$4,500,000
Competitive Fuel Cell
To Be Announced
Rolling Submission Other Technologies
To Be Announced
Rolling Submission
October 12, 2011Information session – Phoenix Room, Department of Energy and Environmental Protection, 79 Elm Street, Hartford
4:00 p.m. – 6:00 p.m.The timeline for the rolling submission, other technologies RFP will be announced in early October 2011.
Links to Important Information
Competitive Solicitation RFP document – PV only
Competitive Solicitation RFP application – PV only
Tags: CCEF, CEFIA, Connecticut, LREC, RFP, Solar, SREC, ZREC