In this subtitle the following words have the meanings indicated. “Administration” means the Maryland Energy Administration. “Alternative compliance fee” means a fee paid in accordance with § 7–705 of the Public Utilities Article to the Maryland Strategic Energy Investment Fund established under § 9–20B–05 of this title. “Auction” means an alternative compliance fee auction. “Capacity target” means the lesser of: the calculation of the amount of renewable energy generation needed in a given year to satisfy the renewable energy portfolio standard under § 7–703 of the Public Utilities Article for a specific year, minus the amount already procured from other sources; or the amount of renewable energy that can be procured using alternative compliance fees available for the auction. “Commission” means the Public Service Commission. “Renewable energy” means: energy generated from: a Tier 1 renewable source that does not participate in net energy metering under § 7–306, § 7–306.2, § 7–306.3, or § 7–306.4 of the Public Utilities Article; a Tier 1 renewable source that: meets the requirements of item (i) of this paragraph; and includes a co–located energy storage device; or an energy storage device that is planned to be co–located with a Tier 1 renewable source; or energy from an energy storage device that is not planned to be co–located with a Tier 1 renewable source. “Tier 1 renewable source” has the meaning stated in § 7–701 of the Public Utilities Article.