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Overview of the SREC Procurement Program Webinar

Join us for an informative webinar on the SREC Procurement Program, which provides an overview of the program, includes a sample facility application, and features a Q&A session. All questions can be submitted via the chat function, and responses will be provided after the presentation. Key requirements for projects and award processes for different tiers will be discussed. This session is essential for anyone involved in solar energy projects in Delaware. Don't miss this opportunity to get valuable insights!

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Overview of the SREC Procurement Program Webinar

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  1. DE SREC Procurement Program Overview Call-in for this webinar is (917) 338-1451 PIN: 361734# Audio also available on your computer www.SRECDelaware.com srecdelaware@srectrade.com • (877) 466-4606 x100

  2. 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

  3. 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.

  4. Timeline

  5. Tiers *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.

  6. Tiers *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.

  7. Pricing *projects that received a GEP grant before December 10, 2010

  8. Award Process - Tier 1 and 2A

  9. Award Process - Tier 1 and 2A There is no competitive advantage to submitting Tier 1 and 2A applications at 8:01 on April 2nd! Submitting applications earlier in the week does give bidder more time to resolve any issues with bid or receipt of bid deposit.

  10. Award Process – Tier 2B and 3

  11. 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 1st year SREC quantity • Years 11-20, 10% of value of year 10 SREC quantity

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