Presentation on theme: "DE SREC Procurement Program Overview (877) 466-4606 x100 Call-in for this webinar is (917) 338-1451 PIN:"— Presentation transcript:
DE SREC Procurement Program Overview www.SRECDelaware.com firstname.lastname@example.org (877) 466-4606 x100 Call-in for this webinar is (917) 338-1451 PIN: 361734# Audio also available on your computer
Webinar Program Basic Program Overview Sample Facility Application Questions and Answers – All questions will be asked through the chat feature – Questions may be asked at any time, answers will be provided at the end of the presentation
Basic Requirements Existing projects – Must have an “Accepted Completed Solar System Interconnection Application” dated Dec 1, 2010 or later. Proposed projects – Must commence operation within 12 months of the award date. All projects – Must not have received supplemental funding from a public source, other than grants associated with the Delaware Green Energy Program (“GEP”) or grants in lieu of the investment tax credit.
Timeline Solicitation opens – all tiers April 2nd Tier 1 & 2A close April 6 th or when filled Tier 2B & 3 close April 13th Results announced for all tiers April 23rd
Tiers TierSize (kW)Number of SRECs/year Percentage of Total SRECs 1<502,97213.4% 2a50 – 2502,0009.1% 2b250 – 5002,0009.1% 3500 – 2,0004,50020.4% 4*>2,00010,60048% *The procurement of SRECs for Tier 4. for the 2011 compliance year was satisfied in full with the purchase of SRECs from the Dover Sun Park Project. Accordingly, the process for procuring SRECs from Tier 4 projects is not included in the initial pilot SREC Procurement Pilot Program.
Tiers TierSize (kW)Number of SRECs/year Percentage of Total SRECs Systems less than 250kw can waive their right to an administratively set price and bid in Tier 2b, but can’t bid twice. 2b250 – 5002,0009.1% 3500 – 2,0004,50020.4% 4*>2,00010,60048% *The procurement of SRECs for Tier 4. for the 2011 compliance year was satisfied in full with the purchase of SRECs from the Dover Sun Park Project. Accordingly, the process for procuring SRECs from Tier 4 projects is not included in the initial pilot SREC Procurement Pilot Program.
Pricing TierSize (kW)Years 1-10Years 10-20 1<50$260/SREC Base, $235/SREC Alternative* $50 2a50 – 250$240/SREC Base, $175/SREC Alternative* $50 2b250 – 500Bid Price$50 3500 – 2,000Bid Price$50 *projects that received a GEP grant before December 10, 2010
Award Process - Tier 1 and 2A Not Filled by April 6 th ? Tier remains open from April 2 nd, 8:00 AM EST until filled, all bids accepted. Tier Filled On or Before April 6 th ? Tier remains open until April 6 th at 5:00 PM EST. All bids entered into lottery. Lottery Step 1 All DE equipment & labor projects randomly sorted. Start at top of random list until tier filled. Lottery Step 2 If space remains after step 1, all DE equipment OR DE labor randomly sorted. Start at top of random list until tier filled. Lottery Step 3 If space remains after step 2, remaining projects randomly sorted. Start at top of random list until tier filled.
Award Process - Tier 1 and 2A There is no competitive advantage to submitting Tier 1 and 2A applications at 8:01 on April 2 nd ! Submitting applications earlier in the week does give bidder more time to resolve any issues with bid or receipt of bid deposit.
Award Process – Tier 2B and 3 Bid Period Tier remains open from April 2 nd at 8:00 AM EST to April 13 th at 5:00 PM EST April 13th All bids sorted by price Highest Bid Over- subscribes? Highest bid given option to reduce quantity If they decline, move to next higher bid Tied Highest Bid? In case of bidding tie, all tied parties given 5 day period to reduce bid If reduced bids produce winner, auction closes Highest Bid Still Tied Projects sorted by DE equipment & labor, DE equipment OR labor, or neither Random lottery starting with DE equipment & labor and moving down until filled
Application Requirements Owner representative for all projects less than 100kw Bid deposit of $100/kw for projects not yet built - wire deposit, letter of credit, or bid bond. Performance credit support for all Tier 3 projects – Years 1-10, 5% of value of 1 st year SREC quantity – Years 11-20, 10% of value of year 10 SREC quantity
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