PJM’s fast-growing RPS targets are expected to result in massive demand for new renewable development. One of the largest wholesale electricity markets in the world, PJM currently has 5,600 MW of installed solar projects and a pipeline of 17,300 MW. Virginia and Ohio account for 11,600 MW of the PJM solar pipeline, a majority.
All states within the PJM ISO that have a mandatory RPS utilize RECs for compliance. PJM has one of the most active REC trading markets in the country, with over 226 million RECs imported into PJM states between 2010 and 2018.
With a highly robust solar market, what are the projections for solar investment in PJM?
- Review operating and planned solar projects and state renewable policy
- Identify ranking of operating and planned solar capacity by states in PJM
- Understand Ohio and Virginia solar financial forecasts
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