December 2024 Indexed REC procurement — utility-scale solar awarded RECs, predominantly Illinois (PJM/MISO mix)
Weighted-average winning bid $76.98/MWh from December 2024 procurement event. 666,666 RECs/yr solar target = ~444 MW solar at 21% CF. Bundled energy+REC (effectively equivalent to PPA). High-confidence disclosed price from public IPA procurement results. COD: 2026-12-31. Contract term: 20 years. Price confidence: high.
Deal Value
444MW
Capacity
Solar
Technology
IL
Location
Deal Details
- Deal Type
- Corporate PPA
- Seller / Sponsor
- Multiple — utility-scale solar developer cohort, winning bidders confidential
- Buyer / Financier
- Illinois Power Agency (ComEd, AIC, MEC ratepayers)
- Offtaker
- Illinois Power Agency (ComEd, AIC, MEC ratepayers)
- Stage
- Operating
- ISO/RTO
- PJM
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