Dominion Energy pursues unbundled Renewable Energy Certificates with small facilities
Dominion Energy Virginia is seeking proposals for unbundled Renewable Energy Certificates (RECs) from facilities sized 1 MW or less to help it meet state clean energy goals.
Solar, wind, or anaerobic digestion resources in compliance with Virginia’s renewable portfolio standard are all welcome to apply. They must be located within the state, though, no larger than 1 MW, and the owners cannot have more than 3 MW at any single location or contiguous locations. If selected, they will be able to sell RECs generated through the end of 2023.
While Dominion itself has set a net zero carbon and methane emissions goal, this latest act is one spurred by the Virginia Clean Economy Act (VCEA), which became law last year. It applied a mandatory RPS with annual goals demanding certain percentages of electricity sales to come from clean resources. As a result, this year, Dominion will retire RECs equivalent to 14 percent of non-nuclear electricity sales to retail customers. It will retire all of them by 2045.
Bids are due by 3 p.m. EST on Feb. 22, 2021, with purchase and sale proposal submittals then due one month to the day later.
