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STATE OF DELAWARE PILOT PROGRAM FOR THE PROCUREMENT OF SOLAR RENEWABLE ENERGY CREDITS

STATE OF DELAWARE PILOT PROGRAM FOR THE PROCUREMENT OF SOLAR RENEWABLE ENERGY CREDITS. Results and Observations from the SREC Procurement Agent. KW Nameplate by Tier. Effective SRECs by Tier. Systems by Tier. Operational vs. Development – KW . Operational vs. Development – Effective SRECS .

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STATE OF DELAWARE PILOT PROGRAM FOR THE PROCUREMENT OF SOLAR RENEWABLE ENERGY CREDITS

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  1. STATE OF DELAWAREPILOT PROGRAMFOR THE PROCUREMENT OFSOLAR RENEWABLE ENERGY CREDITS Results and Observations from the SREC Procurement Agent

  2. KW Nameplate by Tier

  3. Effective SRECs by Tier

  4. Systems by Tier

  5. Operational vs. Development – KW

  6. Operational vs. Development – Effective SRECS Total “stranded” operational annual effective SRECs across all tiers – 8,148

  7. Operational vs. Development – Actual SRECS Total “stranded” operational annual actual SRECs across all tiers – 7,551

  8. Operational vs. Development – Number of Systems

  9. Operational vs. Development – Effective SRECSOnly systems with both DE labor/equipment

  10. Bid Results

  11. Tier 1 Interconnect Dates

  12. Interconnect Dates • Tier 2A – 1 System 3/2011 • Tier 2B – 3 Systems 6/2011, 1 System 1/2012 • Tier 3 – 1 System 2/2011

  13. Existing Effective SRECsDPL Will Purchase(Compliance year beginning June 1, 2011)

  14. Tier 1 Labor/Equipment SRECs Offered

  15. Tier 2A Labor/Equipment SRECs Offered

  16. Tier 2B Labor/Equipment SRECs Offered

  17. Tier 3 Labor/Equipment

  18. Existing/Proposed # Systems by Tier

  19. Existing/Proposed Systems by KW

  20. Existing/Proposed Systems by Effective SRECs

  21. Tier 1 All Systems Bid vs. Nameplate

  22. Tier 2A All Systems Bid vs. Nameplate

  23. Tier 2B All Systems Bid vs. Nameplate

  24. Tier 3 All Systems Bid vs. Nameplate

  25. Histogram of Systems / Owner Representatives

  26. Procurement Agent Observations Program Strong Points Parcel Requirement Limit on a single system bidding in only one tier Bid deposits – Significant gaming would have occurred without them. Force Majeure section well written

  27. Procurement Agent Observations System Mechanics Longer Open Period for Tier 1 and 2A, minimum 2 weeks. Set additional week to allow receipt of bid deposits – would allow for ACH/check Eliminate the Owner Representative requirement Needlessly adds complexity Owner Rep can still be an option Firm fixed price contract

  28. Procurement Agent Observations Applications Consider eliminating the following fields: Bid Deposit Form Module Type – Info not used, confusing because changeable Inverter Type – Info not used, confusing because changeable Mounting Location – Info not used First Year energy output – Redundant with SREC output Other Supplemental Funding – Just need yes/no check Consider adding the following fields: Bid Deposit Form Expected existing SRECs to sell Expected commence date for proposed systems Transfer Agreement Desired contract start date Desired existing SRECs to sell

  29. Procurement Agent Observations Solicitation Design Add verbiage to cover system additions Clarify metering definitions Reexamine production bands (min/max SRECs), current system incentivizes overly optimistic production estimates with no minimum and only 110% maximum Clearly define other supplemental funding, i.e. does it include low interest loans, tax credits like NMTC?

  30. Procurement Agent Observations Solicitation Design Cont. Partial Fills Do we allow 110% production Do we allow unfilled portion to bid in future solicitations Bidding partial systems that were not partial fills?

  31. Procurement Agent Observations Common Customer Comments/Complaints All existing systems should be eligible No existing systems should be eligible Bid deposit is too high, shouldn’t exist

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