Posts Tagged ‘Massachusetts Solar’

Final SRECTrade Auction for MA 2010 SRECs is Friday, June 3rd

Posted May 27th, 2011 by SRECTrade.

The trading year for 2010 Massachusetts SRECs is coming to a close. The deadline to opt-in to the Massachusetts Department of Energy Resources (DOER) administered auction is June 15th, however there is still time to sell through the SRECTrade MA auction! SRECTrade’s final 2010 MA SREC auction closes on Friday, June 3rd at 5 pm EST and is open to any market participant. The May 2011 SRECTrade auction posted a $570/SREC clearing price (95% of the MA SACP) and is indicative of the high demand for unsold MA SRECs.

Participants in the June 3rd Massachusetts SRECTrade auction will be notified of the auction results by Wednesday, June 8th- well before the opt-in period for the DOER auction. SRECs sold in the DOER auction will receive a maximum price of $285/SREC after DOER administrative fees. After the SRECTrade June 3rd auction any unsold 2010 MA SRECs that are not placed in the DOER auction by June 15th will be retired and will no longer be eligible for sale.

Massachusetts SRECs are created on a quarterly basis following a January 1st to December 31st energy year. According to the rules outlined by the DOER, SRECs created from generation in Q4 of each year (October, November, December) are first available for sale on the open market at the beginning of Q2 (April 15th) the following year. Following the same cycle, SRECs created from solar generation in Q1 of 2011 are not available until the beginning of Q3 (July 15th). For this reason SRECs created at the end of 2010 are still being traded in SRECTrade’s monthly auctions through the June auction. Due to high demand for unsold SRECs there should be little activity, if any, in the DOER auction.

Please visit for more information on SRECTrade and Massachusetts SREC pricing.

Solar Capacity in the SREC States – February 2011

Posted March 2nd, 2011 by SRECTrade.

SRECTrade SREC Markets Report: February 2011

The following post outlines the megawatts of solar capacity certified and/or registered to create SRECs in the SREC markets SRECTrade currently serves.

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PJM Eligible Systems

As of the end of February, there were 12,995 solar PV (12,747) and solar thermal (248) systems registered and eligible to create SRECs in the PJM Generation Attribute Tracking System registry. Of these eligible systems, 43 (0.33%) 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, DC, and MD markets, is 10 MW. The third largest system, located in NJ, is 5.6 MW.

Massachusetts DOER Qualified Projects

As of February 18, 2011, there were 220 MA DOER qualified solar projects; 204 operational and 16 not operational. Of these qualified systems, 10 (4.5%) have a nameplate capacity of 1 megawatt or greater, of which only 3 are between 1.5 and 2 MW. Only one of the projects greater than 1 MW is currently operational.

Capacity Summary By State

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. For example, New Jersey needs approximately 255 MW online for the entire 2011 reporting year to meet the RPS requirement. 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 date noted.