SRECTrade SREC Markets Report: November 2010
The following post outlines the megawatts of solar capacity certified and/or registered to create SRECs in the SREC markets SRECTrade currently serves.
PJM Eligible Systems
As of the end of November, there were 10,447 solar (10,234) and solar thermal (213) systems registered and eligible to create SRECs in the PJM Generation Attribute Tracking System registry. Of these eligible systems, 31 (~0.3%) have a nameplate capacity of 1 megawatt or greater, of which only 3 systems are greater than 5 MW. The largest system, currently located in Ohio, is 12 MW, and the second largest, located in Chicago and eligible for the PA and DC markets, is 10 MW.
Massachusetts DOER Qualified Projects
As of November 9, 2010, there were 156 MA DOER qualified solar projects. Of these qualified systems, 8 (~5.0%) have a nameplate capacity of 1 megawatt or greater, of which only 2 are between 1.5 and 2 MW.
Capacity Summary By State
The tables below demonstrate the capacity breakout by state. Note, that for all PJM GATS registered projects, each state includes all projects certified to sell into that state. For example, PA includes projects eligible to sell into the PA SREC market, but are not necessarily sited in PA. Also, it is important to note that the current capacity represents the total megawatts eligible to produce and sell SRECs as of the noted date, while the Estimated Required Capacity – Current and Next Reporting Year represents the estimated number of MW that need to be online on average throughout the reporting period to meet the RPS requirement within each state. For example, New Jersey needs approximately 255 MW online for the entire 2011 reporting year to meet the RPS requirement. Additionally, the data presented below does not include projects that are in the pipeline or currently going through the registration process in each state program. This data represents specifically the projects that have been approved for the corresponding state SREC markets to date.