Posts Tagged ‘Contracts’

Delaware SREC Pilot Program Closes for Tiers 1 and 2a, Still Open for Tiers 2b and 3

Posted April 6th, 2012 by SRECTrade.

The Delaware SREC Pilot Procurement Program reached a milestone today. The solicitation period (window for submitting applications) closed today at 5 pm Eastern Standard Time for Tier 1 and 2 photovoltaic systems (PV systems <250 kW DC). SRECTrade is contracted by the Delaware SEU to run the Pilot Procurement solicitation. Successful applicants will be guaranteed 20-year contracts for their SRECs, but not all applicants will be successful because of capacity limitations set in place by the state. The application rules and contract values vary depending on system size. The application form and guidelines are provided on the SRECDelaware website.

Tiers 2B and 3 are still open until 5:00 EST on Friday, April 13th.  Any facilities that did not bid in Tier 1 or 2A may still bid in Tier 2B regardless of size, however they have to meet the requirements of a Tier 2B system and must submit a bid price.  Any system that bid in Tier 1 or 2A may not bid in Tier 2B and any systems that do so will have both bids disqualified.

All applications for Tier 1 and 2A must have been received by 5:00 pm Eastern Standard Time on Friday and all bid deposits must have been initiated prior to that time.  SRECTrade will continue to update the status of individual applications status as bid deposits are received on Monday. We will contact any facilities requiring minor corrections during the week of April 9-13.

Delaware Pilot SREC Procurement Program

Posted March 30th, 2012 by SRECTrade.

SRECTrade was recently awarded the contract to administer the Delaware Pilot SREC Procurement Program on behalf of the Delaware Sustainable Energy Utility (SEU) and Delmarva Power. Since receiving the contract we’ve put up a website to answer questions about the program and to accept applications for the solicitation. An overview powerpoint and webinar recording can be viewed by clicking here.

This is the first essentially state-wide SREC program to take such a long-term approach to SREC contracts. Regulators and industry observers are eager to see how this “pilot” solicitation is reviewed. Should the “pilot” be deemed successful it is likely that the SEU will hold yearly solicitations for SREC contracts.

With the Pilot SREC Procurement Program, the  SEU and Delmarva have formed a partnership to provide stable, long-term pricing (20-year contracts) for a finite amount of SRECs from systems that are accepted into the program. Among the eligible systems for the program, preferential selection and pricing  is given to systems installed with Delaware parts and/or labor. Systems under 250 kW (DC) nameplate capacity apply into a lottery solicitation, whereas systems that are greater than 250 kW (DC) must apply through a competitive bid process.  The solicitation will likely be over-subscribed with applications from among the many eligible, in-state systems. Solar systems that are not successful in the solicitation will still be able to transact SRECs outside of the Delmarva program, and could remain eligible for future solicitations or this program.

Key items

  • DE-sited solar systems interconnected on or after 12/1/2010 are eligible.
  • Systems must have online monitoring.
  • Systems that received funding from a public source other than the Federal Investment Tax Credit and DE Green Energy Program are ineligible.
  • 4/2/2012 – Solicitation opens.
  • 4/6/2012 – Solicitation will stay open at least until this date for systems <250 kW (DC) capacity, but could stay open if not all capacity is filled.
  • 4/13/2012- Solicitation closes for systems >250 kW (DC).
  • 4/23/2012 – Results announced.