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IPA Publishes Educational Web Page On Utility-Scale Projects
The Illinois Power Authority (IPA) is responsible for conducting competitive procurements to secure Indexed Renewable Energy Credits (Indexed RECs) that support the development of new renewable energy resources across the state, in alignment with the state’s Renewable Portfolio Standard goals. This includes the procurement of Indexed RECs from new utility-scale wind projects (projects over 5 MW), new utility-scale solar projects (projects over 5 MW), new brownfield site photovoltaic projects, and new hydropower projects at an existing dam or modernized or retooled hydropower projects at an existing dam.
The Agency’s new Utility-Scale Renewable Energy Projects web page provides detailed information on the IPA’s work to bring more utility-scale renewable energy projects online across Illinois. This new resource aims to demystify the underlying mechanics of utility-scale renewables projects and competitive procurements. The web page includes information about how the Indexed REC pricing structure works and provides details surrounding the procurement process. Additionally, the web page features accessible links to procurement results, relevant fact sheets, and other targeted resources. With this web page, the IPA hopes to enhance understanding of competitive procurements for large utility-scale projects.
For more information, please visit the Utility-Scale Renewable Energy Projects web page.
