FirstEnergy Corp. has issued a request for proposals (RFP) to secure 10-year contracts for solar renewable energy credits (SRECs) to enable its utilities – Ohio Edison, Cleveland Electric Illuminating and Toledo Edison – to meet the renewable energy benchmarks established under Ohio's energy law.
The RFP seeks delivery of 1,000 SRECs produced by qualified generating facilities in Ohio for each calendar year beginning this year and continuing through 2021.
No energy or capacity will be purchased under the RFP. The number of individual
bidders is not limited. Participants must meet and maintain specific credit and security qualifications, and must be able to prove their SREC generating facilities are certified or in the process of becoming certified by the State of Ohio.
To participate in the RFP, bidders are encouraged to submit credit information by Feb. 27, with full proposal information due on March 6. More information is available here.