Adam Braillard - Rhode Island passes a Feed-In Tariff
September 29, 2011 - Green Buildings
Rhode Island's FIT calls for the state to offer what it calls Distributed Generation Standard Offer Contracts (DG Contracts) to certain types of renewable energy producers including, wind, solar photovoltaics (solar PV), and biogas generators.
Under the Act, the state will offer a total of 40MW worth of DG Contracts by December 31, 2014, broken down as follows:
* 5MW in 2011
* 15MW in 2012
* 10MW in 2013
* 10MW in 2014
Further, the Act specifies project sizes of less than 1.5MW for wind, less than 500kW for solar PV, and less than 1MW for other renewable energy technologies. The Act specifies a 15-year term for the DG Contracts, and that further details in connection with pricing and compliance with the Act's targets will be determined by the newly formed Distributed Generation Standard Contract Board. The Act is on a fast track for implementation with a proposed launch date of mid-October.
Adam Braillard is an attorney with Prince Lobel Tye, LLP, Boston.