19 Aug '11, 12am

California Renewable Auction Mechanism (RAM) Now Official via @greentechmedia

California Renewable Auction Mechanism (RAM) Now Official via @greentechmedia

The California Renewable Auction Mechanism (RAM) is now official and the program is soon to start after a unanimous approval by the California Public Utility Commission . The resolution, as voted upon 5-0, can be found here . The RAM is an auction in which developers bid on the lowest levelized cost of energy (LCOE) price they can afford. The program is intended to support small to mid-sized renewable energy development and requires investor-owned California utilities to purchase electricity from solar and other renewable energy systems from 1.5 megawatts to 20 megawatts in size. So, it's not a feed-in tariff (FiT) and if you're a FiT fundamentalist -- this program is going to leave you feeling unsatisfied. No program is perfect and this one won't be either. Detractors claim that it favors larger developers who can afford the deposits and the lower bid costs. Stephen Smith...

Full article: http://www.greentechmedia.com/articles/read/california-re...

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