FirstEnergy Ohio Utilities Launch Request for Proposal for 10-Year Solar Renewable Energy Credits Generated in Ohio
FirstEnergy Corp. (NYSE: FE) announced that a Request for Proposal will be conducted to secure 10-year contracts to provide Solar Renewable Energy Credits for customers of its Ohio utilities – Ohio Edison, Cleveland Electric Illuminating and Toledo Edison – to help meet the renewable energy benchmarks established under Ohio's energy law.
The RFP seeks delivery of 1,000 SRECs produced by qualified generating facilities in Ohio for each calendar year beginning in 2012 and continuing through 2021. SRECs represent the environmental attributes of solar renewable electricity generation. For every megawatt hour of solar renewable electricity generated, an equivalent amount of SRECs are produced.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.