Archive for the ‘Capacity Summary’ Category

PJM GATS Solar – Registered Capacity Update as of March 2017

Posted March 15th, 2017 by SRECTrade.

The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the PJM GATS solar REC markets that SRECTrade serves. All data is based on the information available in PJM GATS as of the date noted.

capacity-update-03-14

The chart above compares the megawatts (MWs) registered in PJM GATS as of March 14, 2017 (the blue bar) to the estimated RPS solar MWs needed to be operational, through the duration of the current reporting year, to meet each market’s RPS targets (the green bar). Note that the Estimated RPS MWs quantity does not take into consideration SRECs eligible from previous reporting years and is only used as an estimate relative to the current MWs registered in PJM GATS. All actual RPS requirements are represented in megawatt hours (i.e. SRECs) required per year. The installed capacity operational over that time will produce SRECs, in addition to any eligible SRECs from previous periods, to end up with the final supply relative to that reporting year’s demand. For estimates on required number of SRECs per reporting year across the SREC markets SRECTrade covers, please visit our state market summary pages.

As of February 28th, 2017, New Jersey had installed a cumulative total of 2,062.5MW of nameplate capacity.  Their Solar Installation Report and Solar Pipeline Report can be found online here on the New Jersey Office of Clean Energy website.

Additionally, please note the following in the figures presented above:

OH2017: Represents all OH eligible solar facilities and includes some facilities that are cross-registered in PA. If any systems were eligible in higher priced markets, such as DC, the capacity was excluded from OH eligibility as it could be sold at a higher price in DC.

DE2017: Represents all solar facilities eligible for the DE solar RPS requirement. Some facilities registered in DE are also eligible in PA and could impact that market’s supply.

DC2017: Includes all systems eligible for the DC SREC market. If a system was eligible in another market, it was not included there given the current pricing for DC SRECs.

PA2017: Represents all solar facilities eligible for the PA SREC market. Some systems are cross-registered in OH as well. If a system was eligible in any higher priced markets (i.e. NJ or MD sited systems that cross-registered in PA) they were not included in the total MW balance displayed above.

MD2017: Includes all MD eligible solar capacity registered in PJM GATS as of the date noted. If projects were cross-registered in Washington D.C., the capacity was not allocated to Maryland’s eligible MW total.

NJ2017: The balance noted above represents the 2/28/17 Solar Installation Report reported by Applied Energy Group.

PJM GATS Registered Solar Projects Summary

There are 129,300 facilities across 4,550MW registered in PJM GATS as of 3/14/2017.

471 projects are 1MW or larger in capacity, representing 2,223.7MW or 48.9% of the qualified capacity. There are 124 projects that are 5MW or larger, representing 1,547MW or 34% of all qualified capacity.

Note: SREC requirements for markets without fixed SREC targets have been forecast based on the EIA Report “Retail Sales of Electricity by State by Provider”. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200MWh, in PJM GATS states, generated per MW of installed capacity per year.

 

 

PJM GATS Solar – Registered Capacity Update as of September 2016

Posted September 29th, 2016 by SRECTrade.

The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the PJM GATS solar REC markets that SRECTrade serves. All data is based on the information available in PJM GATS as of the date noted.

PJM CapacityHelv

The chart above compares the megawatts (MWs) registered in PJM GATS as of September 23, 2016 (the blue bar) to the estimated RPS solar MWs needed to be operational, through the duration of the current reporting year, to meet each market’s RPS targets (the green bar). Note that the Estimated RPS MWs quantity does not take into consideration SRECs eligible from previous reporting years and is only used as an estimate relative to the current MWs registered in PJM GATS. All actual RPS requirements are represented in megawatt hours (i.e. SRECs) required per year. The installed capacity operational over that time will produce SRECs, in addition to any eligible SRECs from previous periods, to end up with the final supply relative to that reporting year’s demand. For estimates on required number of SRECs per reporting year across the SREC markets SRECTrade covers, please visit our state market summary pages.

As of August 31st, New Jersey had installed a cumulative total of 1,871.9MW of nameplate capacity, 139.7MW of which had been installed since the Applied Energy Group’s May 31st report (June-August).  Their Solar Installation Report and Solar Pipeline Report can be found online here on the New Jersey Office of Clean Energy website, and our most recent analysis of those numbers can be found here. Please note that this analysis includes 15.6MW of estimated installations (final “as-built” applications submitted, but not yet processed).

Additionally, please note the following in the figures presented above:

OH2016: Represents all OH eligible solar facilities and includes some facilities that are cross-registered in PA. If any systems were eligible in higher priced markets, such as DC, the capacity was excluded from OH eligibility as it could be sold at a higher price in DC.

DE2016: Represents all solar facilities eligible for the DE solar RPS requirement. Some facilities registered in DE are also eligible in PA and could impact that market’s supply.

DC2016: Includes all systems eligible for the DC SREC market. If a system was eligible in another market, it was not included there given the current pricing for DC SRECs.

PA2017: Represents all solar facilities eligible for the PA SREC market. Some systems are cross-registered in OH as well. If a system was eligible in any higher priced markets (i.e. NJ or MD sited systems that cross-registered in PA) they were not included in the total MW balance displayed above.

MD2016: Includes all MD eligible solar capacity registered in PJM GATS as of the date noted. If projects were cross-registered in Washington D.C., the capacity was not allocated to Maryland’s eligible MW total.

NJ2017: The balance noted above represents the 8/31/16 Solar Installation Report reported by Applied Energy Group.

PJM GATS Registered Solar Projects Summary

There are 101,215 facilities across 3,430MW registered in PJM GATS as of 9/23/2016.

432 projects are 1MW or larger in capacity, representing 1763.9MW or 51.4% of the qualified capacity. There are 101 projects that are 5MW or larger. These make up 32.7% of all qualified capacity, 1,122.1MW total, in PJM GATS.

Note: SREC requirements for markets without fixed SREC targets have been forecast based on the EIA Report “Retail Sales of Electricity by State by Provider”. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200MWh, in PJM GATS states, generated per MW of installed capacity per year.

PJM Solar – Registered Capacity Update as of July 20, 2016

Posted July 20th, 2016 by SRECTrade.

The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the PJM Solar REC markets SRECTrade serves. All data is based on the information available in PJM GATS as of the date noted.

RPSvsCapacity

The chart above compares the megawatts (MWs) registered in PJM GATS as of July 20, 2016 (the blue bar) to the estimated RPS solar MWs needed to be operational through the duration of the current reporting year, to meet each market’s RPS targets (the green bar). Note that the Estimated RPS MWs quantity does not take into consideration SRECs eligible from previous reporting years and is only used as an estimate relative to the current MWs registered in GATS. All actual RPS requirements are represented in megawatt hours (i.e. SRECs) required per year. The installed capacity operational over that time will produce SRECs, in addition to any eligible SRECs from previous periods, to end up with the final supply relative to that reporting year’s demand. For estimates on required number of SRECs per reporting year across the SREC markets SRECTrade covers, please visit our state market summary pages.

Responsibilities for tracking NJ registered capacity have officially transitioned to Applied Energy Group, who delivered their first report on June 13th.  As of May 31st New Jersey had installed a cumulative total of 1,732.3 MW of nameplate capacity, 88 MW of which had been installed between the three months from March 1st and May 31st when the auditing responsibility passed over to Applied Energy Group.  Their Solar Installation Report and Solar Pipeline Report can be found online here on the New Jersey Office of Clean Energy website. UPDATE: please note that this analysis excludes 46.7 MW of estimated installations (final as-built applications submitted, but not yet processed).

Additionally, please note the following in the figures presented above:

OH2016: Represents all OH eligible solar facilities and includes some facilities that are cross registered in PA. If any systems were eligible in higher priced markets, such as DC, the capacity was excluded from OH eligibility as it could be sold at a higher price in DC.

DE2016: Represents all solar facilities eligible for the DE solar RPS requirement. Some facilities registered in DE are also eligible in PA and could impact that market’s supply.

DC2016: Includes all systems eligible for the DC SREC market. If a system was eligible in another market, it was not included there given the current pricing for DC SRECs.

PA2017: Represents all solar facilities eligible for the PA SREC market. Some systems are cross registered in OH as well. If a system was eligible in any higher priced markets (i.e. NJ or MD sited systems that cross registered in PA) they were not included in the total MW balance displayed above.

MD2016: Includes all MD eligible solar capacity registered in GATS as of the date noted. If projects were cross registered in Washington D.C., the capacity was not allocated to Maryland’s eligible MW total.

NJ2017: The balance noted above represents the 5/31/16 MWs installed reported by Applied Energy Group on 6/13/2016.

PJM GATS Registered Solar Projects Summary

There are 93,644 facilities across 3,264.4 MW registered in GATS as of 7/20/2016.

418 projects are 1 MW or larger in capacity, representing 1,675.4 MW or 51.3% of the qualified capacity. There are 94 projects that are 5 MW or larger. These make up 32.1% of all qualified capacity, 1,050.5 MW total, in PJM.

Note: SREC requirements for markets without fixed SREC targets have been forecast based on EIA Report “Retail Sales of Electricity by State by Provider”. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200 MWh, in PJM states, generated per MW of installed capacity per year.

PJM Solar – Registered Capacity Update as of May 26, 2016

Posted May 26th, 2016 by SRECTrade.

The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the PJM Solar REC markets SRECTrade serves. All data is based on the information available in PJM GATS as of the date noted.

2016_05_26_Chart

The chart above represents the megawatts registered in PJM GATS as of May 26, 2016 (the blue bar) vs. the estimated RPS solar MWs needed to be operational all year long, in the current reporting year, to meet each market’s RPS targets (the green bar). Note, the Estimated RPS MWs does not take into consideration SRECs eligible from previous reporting years and is only used as an estimate relative to the current MWs registered in GATS. All actual RPS requirements are represented in megawatt hours (i.e. SRECs) required per year. The installed capacity operational over that time will produce SRECs, in addition to any eligible SRECs from previous periods, to end up with the final supply relative to that reporting year’s demand. For estimates on required number of SRECs per reporting year across the SREC markets SRECTrade covers, please visit our state market summary pages.

Responsibilities for tracking NJ registered capacity have transitioned to Applied Energy Group, who has projected that its first report will be available in June.  For more information see this letter.  The NJ PJM GATS Registered MW shown in the figure above is outdated and reflects the installed solar capacity as of 2/29/2016 as reported by the NJ Board of Public Utilities and Office of Clean Energy on March 24, 2016. For the full report click here.

Additionally, please note the following in the figures presented above:

OH2016: Represents all OH eligible solar facilities and includes some facilities that are cross registered in PA. If any systems were eligible in higher priced markets, such as DC, the capacity was excluded from OH eligibility as it could be sold at a higher price in DC.

DE2015: Represents all solar facilities eligible for the DE solar RPS requirement. Some facilities registered in DE are also eligible in PA and could impact that market’s supply.

DC2016: Includes all systems eligible for the DC SREC market. If a system was eligible in another market, it was not included there given the current pricing for DC SRECs.

PA2016: Represents all solar facilities eligible for the PA SREC market. Some systems are cross registered in OH as well. If a system was eligible in any higher priced markets (i.e. NJ or MD sited systems that cross registered in PA) they were not included in the total MW balance displayed above.

MD2016: Includes all MD eligible solar capacity registered in GATS as of the date noted. If projects were cross registered in Washington D.C., the capacity was not allocated to Maryland’s eligible MW total.

NJ2016: The balance noted above represents the 2/29/16 MWs installed reported by the NJ BPU on 3/24/2016.

PJM GATS Registered Solar Projects Summary

There are 88,415 facilities across 3,123.8 MW registered in GATS as of 5/26/2016.

399 projects are 1 MW or larger in capacity, representing 1,590.1 MW or 50.9% of the qualified capacity. There are 86 projects that are 5 MW or larger. These make up 31.5% of all qualified capacity, 983.7 MW total, in PJM.

Note: SREC requirements for markets without fixed SREC targets have been forecast based on EIA Report “Retail Sales of Electricity by State by Provider”. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200 MWh, in PJM states, generated per MW of installed capacity per year.

PJM Solar – Registered Capacity Update as of March 17, 2016

Posted March 20th, 2016 by SRECTrade.

The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the PJM Solar REC markets SRECTrade serves. All data is based on the information available in PJM GATS as of the date noted.

PJM Capacity

The chart above represents the megawatts registered in PJM GATS as of March 17, 2016 (the blue bar) vs. the estimated RPS solar MWs needed to be operational all year long, in the current reporting year, to meet each market’s RPS targets (the green bar). Note, the Estimated RPS MWs does not take into consideration SRECs eligible from previous reporting years and is only used as an estimate relative to the current MWs registered in GATS. All actual RPS requirements are represented in megawatt hours (i.e. SRECs) required per year. The installed capacity operational over that time will produce SRECs, in addition to any eligible SRECs from previous periods, to end up with the final supply relative to that reporting year’s demand. For estimates on required number of SRECs per reporting year across the SREC markets SRECTrade covers, please visit our state market summary pages.

The NJ PJM GATS Registered MW shown above is representative of the installed solar capacity as of 1/31/2016 as reported by the NJ Board of Public Utilities and Office of Clean Energy on February 16, 2016. For the full report click here.

Additionally, please note the following in the figures presented above:

OH2016: Represents all OH eligible solar facilities and includes some facilities that are cross registered in PA. If any systems were eligible in higher priced markets, such as DC, the capacity was excluded from OH eligibility as it could be sold at a higher price in DC.

DE2015: Represents all solar facilities eligible for the DE solar RPS requirement. Some facilities registered in DE are also eligible in PA and could impact that market’s supply.

DC2016: Includes all systems eligible for the DC SREC market. If a system was eligible in another market, it was not included there given the current pricing for DC SRECs.

PA2016: Represents all solar facilities eligible for the PA SREC market. Some systems are cross registered in OH as well. If a system was eligible in any higher priced markets (i.e. NJ or MD sited systems that cross registered in PA) they were not included in the total MW balance displayed above.

MD2016: Includes all MD eligible solar capacity registered in GATS as of the date noted. If projects were cross registered in Washington D.C., the capacity was not allocated to Maryland’s eligible MW total.

NJ2016: The balance noted above represents the 1/31/16 MWs installed reported by the NJ BPU on 2/16/2016.

PJM GATS Registered Solar Projects Summary

There are 79,370 facilities across 2,871.4 MW registered in GATS as of 3/17/2016.

363 projects are 1 MW or larger in capacity, representing 1,423.3 MW or 49.5% of the qualified capacity. There are 74 projects that are 5 MW or larger. These make up 30.4% of all qualified capacity, 872.6 MW total, in PJM.

Note: SREC requirements for markets without fixed SREC targets have been forecast based on EIA Report “Retail Sales of Electricity by State by Provider”. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200 MWh, in PJM states, generated per MW of installed capacity per year.

Massachusetts SREC-II Solar Capacity Update: February 18, 2016

Posted February 18th, 2016 by SRECTrade.

On Thursday, February 18th, the Massachusetts Department of Energy Resources (DOER) provided an update to the list of SREC-II Qualified Generation Units. Notably, the DOER announced that 67.3 Megawatts (MW) of capacity remains available under the SREC-II program for systems equal to or less than 25 kW DC. The DOER has provided information on its Statement of Qualification Application webpage that clarifies the procedure and required documentation for systems equal to or less than 25 kW to obtain an Assurance of Qualification (AQ).

The DOER continues to sort through the applications for projects larger than 25 kW. As previously announced, on February 5, 2016, the SREC-II program reached its cap for projects greater than 25 kW. As of this update, all incomplete applications have been marked as “Returned” in the online Statement of Qualification Application. The DOER has stated that applications that have been returned have to be completed by Thursday, February 25th, to resubmit a complete application to the DOER. SRECTrade is reviewing all returned applications accordingly and will request missing information from our applicants. We will contact you directly regarding the timing of completion. All missing documentation will need to be prepared and submitted as soon as possible in advance of the DOER deadline.

All applications that are still found by the DOER to be incomplete or that are submitted after the deadline will be rejected, and applicants will be required to reapply with a new application. The DOER will provide a status update to all applicants after completing its review of applications that are resubmitted through this process.

SRECTrade will continue to monitor the current status of the program and provide updates on applications as they become available.

A summary of the current status report can be found below:

Screenshot_021816_055210_PM

Massachusetts SREC-II Solar Capacity Update: February 1, 2016

Posted February 3rd, 2016 by SRECTrade.

Monday, February 1, 2016, the Massachusetts Department of Energy Resources (DOER) provided an update on the current status of the Solar Carve-Out II program (SREC-II). At the time the Small Generation Unit set aside was formally announced in early January 2016, there was roughly 371.1 MW of capacity left under the SREC-II program – 120 MW for Small Generation Units under 25 kW, and roughly 250 MW for projects greater than 25 kW.

Since this announcement, a significant amount of capacity has been filled in both the small and large generation unit categories. The  recent DOER update indicated that 94.6 MW of capacity still remains to be filled for Small Generation Units, while only 22.8 MW of capacity is still remaining for larger projects.

In the DOER’s report, they acknowledged that 2.8 MW of applications are “Under Review” for Small Generation Units, while 119.5 MW of applications are “Under Review” for larger projects. This status indicates that these applications have not received full approval from the DOER and are still in their processing queue. The summary made available by the DOER is shown below:

Screenshot_020216_085755_PM

For further information, the DOER provides the full details on capacity in SREC-II under the “Qualified Projects” section of their SREC-II current status webpage.

We published a detailed analysis on MA SREC-II supply and demand on January 19, 2016. Click here for more information.

PJM Solar – Registered Capacity Update as of February 2, 2016

Posted February 3rd, 2016 by SRECTrade.

The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the PJM Solar REC markets SRECTrade serves. All data is based on the information available in PJM GATS as of the date noted.

Screenshot_020216_080248_PM

The chart above represents the megawatts registered in PJM GATS as of February 2, 2016 (the blue bar) vs. the estimated RPS solar MWs needed to be operational all year long, in the current reporting year, to meet each market’s RPS targets (the green bar). Note, the Estimated RPS MWs does not take into consideration SRECs eligible from previous reporting years and is only used as an estimate relative to the current MWs registered in GATS. All actual RPS requirements are represented in megawatt hours (i.e. SRECs) required per year. The installed capacity operational over that time will produce SRECs, in addition to any eligible SRECs from previous periods, to end up with the final supply relative to that reporting year’s demand. For estimates on required number of SRECs per reporting year across the SREC markets SRECTrade covers, please visit our state market summary pages.

The NJ PJM GATS Registered MW shown above is representative of the installed solar capacity as of 12/31/2015 as reported by the NJ Board of Public Utilities and Office of Clean Energy on January 25, 2016. For the full report click here.

Additionally, please note the following in the figures presented above:

OH2016: Represents all OH eligible solar facilities and includes some facilities that are cross registered in PA. If any systems were eligible in higher priced markets, such as DC, the capacity was excluded from OH eligibility as it could be sold at a higher price in DC.

DE2015: Represents all solar facilities eligible for the DE solar RPS requirement. Some facilities registered in DE are also eligible in PA and could impact that market’s supply.

DC2016: Includes all systems eligible for the DC SREC market. If a system was eligible in another market, it was not included there given the current pricing for DC SRECs.

PA2016: Represents all solar facilities eligible for the PA SREC market. Some systems are cross registered in OH as well. If a system was eligible in any higher priced markets (i.e. NJ or MD sited systems that cross registered in PA) they were not included in the total MW balance displayed above.

MD2016: Includes all MD eligible solar capacity registered in GATS as of the date noted. If projects were cross registered in Washington D.C., the capacity was not allocated to Maryland’s eligible MW total.

NJ2016: The balance noted above represents the 12/31/15 MWs installed reported by the NJ BPU on 1/25/2016.

PJM GATS Registered Solar Projects Summary

There are 76,572 facilities across 2,553.2 MW registered in GATS as of 2/2/2016.

347 projects are 1 MW or larger in capacity, representing 1,136.3 MW or 44.5% of the qualified capacity. There are 66 projects that are 5 MW or larger. These make up 23.7% of all qualified capacity, 604.2 MW total, in PJM.

Note: SREC requirements for markets without fixed SREC targets have been forecast based on EIA Report “Retail Sales of Electricity by State by Provider”. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200 MWh, in PJM states, generated per MW of installed capacity per year.

SRECTrade Markets Report: November 2015

Posted December 28th, 2015 by SRECTrade.

The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the Solar REC markets that SRECTrade serves. All PJM data is based on the information available in PJM GATS as of the date noted. All MA data is based on the information provided by the DOER as of the date noted. This analysis does not include projects that are not yet registered and certified with the entities noted herein.

A PDF copy of this table can be found here.

Capacity_November2015

There are 73,084 facilities registered in GATS as of 12/15/2015. See below for a more detailed breakdown.

STH_PV Split

There are 341 projects over 1 MW in capacity, representing 1,122.9 MW or 45.0% of the qualified capacity. The largest projects in PJM are located in NC, MD, NJ and IL. There are 61 projects that are 5 MW or larger. These make up 23.5% of all qualified capacity in PJM. The top 5 largest projects are listed below.

Top 5 Largest

 

NJ Office of Clean Energy Estimated Installed Capacity Through 11/30/15

On December 18 2015, the New Jersey Office of Clean Energy (OCE) announced total installed solar capacity reached 1,567.2 MW through 11/30/15; an increase of approximately 10.6 MW over the total capacity reported through the end of October 2015. The average last six month build rate per month, according to the OCE data, is 13.5 MW. Note that this data does not directly tie to GATS registration data because of a lag between NJ Office of Clean Energy certifications and GATS registrations.

Overview of MA DOER SREC-I and SREC-II Eligible Systems

SREC-I Program

The Massachusetts SREC-I program was capped on June 30, 2014. As of 10/14/2015 the DOER reported that 6.7 MW of solar is still listed as Qualified but not operational. In total, 653.8 MW of capacity is listed as qualified, of which 647.1 MW is operational.

SREC-II Program

The SREC-II program opened on April 25, 2014. The program is broken in to Market Sectors. For a detailed overview of the regulations regarding SREC-II please visit here. As of 12/23/2015, 545.5 MW of capacity is currently qualified under the SREC-II program, but only 300.6MW is operational.

Starting May 15, 2015 the DOER began publishing data showing generation units under review in the SREC-II Program.  Total capacity under review is 34.2 MW, of which 6.5 MW is operational.

How to Interpret The Capacity Table at the Top of this Post

The tables above 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. State RPS programs that allow for systems sited in other states to participate have been broken up by systems sited in-state and out-of-state. Additional detail has been provided to demonstrate the total capacity of systems only certified for one specific state market versus being certified for multiple state markets. For example, PA includes projects only certified to sell into the PA SREC market, broken out by in-state and out-of-state systems, as well as projects that are also certified to sell into PA and Other State markets broken out by in state and out of state systems (i.e. OH, DC, MD, DE, NJ). PA Out-of-State includes systems sited in states with their own state SREC market (i.e. DE) as well as systems sited in states that have no SREC market (i.e. VA). 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 with only that particular compliance period vintage. For example, New Jersey needed approximately 496.7 MW online for the entire 2013 reporting year to meet the RPS requirement with 2013 vintage SRECs only. SRECs still available from prior eligible periods can also impact the Solar RPS requirements. Additionally, the data presented above 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 as of the dates noted.

Note: SREC requirements for markets without fixed SREC targets have been forecast based on EIA Report “Retail Sales of Electricity by State by Provider” through 2013. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200 MWh in PJM states and 1,160 MWh in MA, generated per MW of installed capacity per year.

SRECTrade Markets Report: October 2015

Posted November 20th, 2015 by SRECTrade.

**(UPDATE: Template below updated on 11/25/15 to reflect new MA DOER SREC-II information as of 11/18/15.)

The following post is a monthly update outlining the megawatts of solar capacity certified to create SRECs in the Solar REC markets that SRECTrade serves. All PJM data is based on the information available in PJM GATS as of the date noted. All MA data is based on the information provided by the DOER as of the date noted. This analysis does not include projects that are not yet registered and certified with the entities noted herein.

A PDF copy of this table can be found here.

Capacity_October2015

There are 71,261 facilities registered in GATS as of 11/10/2015. See below for a more detailed breakdown.

PV and STH Oct 2015

There are 335 projects over 1 MW in capacity, representing 1,087.4 MW or 44.5% of the qualified capacity. The largest projects in PJM are located in NC, MD, NJ and IL. There are 56 projects that are 5 MW or larger. These make up 22.7% of all qualified capacity in PJM. The top 5 largest projects are listed below.

2015_11 Q4 15 GTM Report Inserts_11-11-15 5 Largest copy

 

NJ Office of Clean Energy Estimated Installed Capacity Through 10/31/15

On November 10, 2015, the New Jersey Office of Clean Energy (OCE) announced total installed solar capacity reached 1,556.7MW through 10/31/15; an increase of approximately 10.35 MW over the total capacity reported through the end of September 2015. The average last six month build rate per month, according to the OCE data, is 13 MW. Note that this data does not directly tie to GATS registration data because of a lag between NJ Office of Clean Energy certifications and GATS registrations.

Overview of MA DOER SREC-I and SREC-II Eligible Systems

SREC-I Program

The Massachusetts SREC-I program was capped on June 30, 2014. As of 10/14/2015 the DOER reported that 6.7 MW of solar is still listed as Qualified but not operational. In total, 653.8 MW of capacity is listed as qualified, of which 647.1 MW is operational.

SREC-II Program

The SREC-II program opened on April 25, 2014. The program is broken in to Market Sectors. For a detailed overview of the regulations regarding SREC-II please visit here. As of 11/18/2015, 465.5 MW of capacity is currently qualified under the SREC-II program, but only 275.2MW is operational.

Starting May 15, 2015 the DOER began publishing data showing generation units under review in the SREC-II Program.  Total capacity under review is 21.2 MW, of which 2.9 MW is operational.

How to Interpret The Capacity Table at the Top of this Post

The tables above 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. State RPS programs that allow for systems sited in other states to participate have been broken up by systems sited in-state and out-of-state. Additional detail has been provided to demonstrate the total capacity of systems only certified for one specific state market versus being certified for multiple state markets. For example, PA includes projects only certified to sell into the PA SREC market, broken out by in-state and out-of-state systems, as well as projects that are also certified to sell into PA and Other State markets broken out by in state and out of state systems (i.e. OH, DC, MD, DE, NJ). PA Out-of-State includes systems sited in states with their own state SREC market (i.e. DE) as well as systems sited in states that have no SREC market (i.e. VA). 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 with only that particular compliance period vintage. For example, New Jersey needed approximately 496.7 MW online for the entire 2013 reporting year to meet the RPS requirement with 2013 vintage SRECs only. SRECs still available from prior eligible periods can also impact the Solar RPS requirements. Additionally, the data presented above 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 as of the dates noted.

Note: SREC requirements for markets without fixed SREC targets have been forecast based on EIA Report “Retail Sales of Electricity by State by Provider” through 2013. Projected SRECs required utilizes the most recent EIA electricity data applying an average 1.0% growth rate per forecast year. The state’s RPS Solar requirement is then multiplied by forecast total electricity sales to arrive at projected SRECs required. Projected capacity required is based on a factor of 1,200 MWh in PJM states and 1,160 MWh in MA, generated per MW of installed capacity per year.