The City is seeking proposals for NRES revenue sharing opportunities for Renewable-Energy projects within Eversource territory that qualify under Connecticut Law as municipal NRES facilities. The City’s current annual usage is 19,550,000 kilowatt-hours (kWh) and all will be available during this procurement round. Qualified renewable energy developers shall plan, permit, design, install, finance, operate, and maintain offsite, virtually net-metered renewable energy projects that will produce an NRES revenue-sharing agreement directly with the City. Both new projects and active renewable systems with available capacity are eligible for consideration. The selected Provider shall prepare and file the necessary applications as needed with Eversource and comply with any requirements mandated by the State of Connecticut and/or Eversource as a result of this program. Respondents shall assume an evaluated buy-all NRES bid price of $.110/MWh. The City and Respondent reserve the right to adjust the NRES bid price upon mutual agreement.
