As part of the New Jersey Board of Public Utilities' (NJBPU) effort to support new solar energy projects in New Jersey, Atlantic City Electric Company (ACE) and Jersey Central Power & Light (JCP&L) are conducting a request for proposals (RFP) to secure solar renewable energy certificates (SRECs).
A Web site has been established – www.njedcsolar.com – to provide bidders with a central source of documents, data and other information for the RFP process. The RFP will be conducted and managed by NERA Economic Consulting.
The RFP process was established to help create long-term agreements to purchase and sell SRECs to provide a stable basis for financing new solar generation projects in the companies' service areas.
A total of 61 MW of solar generating capacity – 19 for ACE and 42 for JCP&L – will be solicited to help meet New Jersey's renewable portfolio standards. The solicitations will take place over the next three years.
SOURCE: First Energy Corp.