RPS, RECs, & PPAs
Massachusetts' state investor-owned electric distribution companies in coordination with the Massachusetts Department of Energy Resources have issued an RFP for 400 MW of offshore wind generation (including RECs) and the associated transmission. The contracts are for a 15 - 20 year period. The projects must enter commercial operations before January 1, 2027.
The Maryland Offshore Wind Energy Act of 2013 requires a maximum of 2.5% of retail electricity to be generated from offshore wind starting in 2017. The wind carve-out is part of the Tier 1 requirement. The Act promotes Maryland's economy by requiring offshore projects to favor in-state manufacturing in order to be considered by the Maryland Public Service Commission.
H.B. 7413 enacted on June 2016 extends the state Renewable Energy Standard (RES) to 2035, which was previously set to expire at the end of 2019. The RES is set to increase by 1.5% annually, thereby requiring 38.5% of the total retail electricity be obtained from eligible renewable resources by 2035.
The database provides summaries of federal financial incentives and rules, regulations, and policies that promote renewable energy and energy efficiency, including: business energy investment tax credit (ITC); renewable electricity production tax credit (PTC); and, section 1603 Department of Treasury renewable energy grant program.
Link to DSIRE website: Federal page