(a) A Utility shall enter into power purchase agreements pursuant to this subchapter with owners of renewable electricity generators until such time as the aggregate amount of renewable electricity generated or to be generated in that district by renewable electricity generators pursuant to this subchapter, and net metering systems, pursuant to subchapter IV, total:
(1) On the Islands of St. Thomas, St. John and Water Island and other territorial offshore keys and islands, an aggregate capacity of 10 MWs;
(2) On the Island of St. Croix an aggregate capacity of 5 MWs.
(b) A Feed-in Tariff system operating pursuant to this subchapter must be greater than 10kw and smaller than 500kw of installed capacity, to allow as many entities as practicable to receive the benefits afforded by the FIT Program.
(c) Power purchase agreements must be offered on a first-come, first-served basis until owner customer generators within each island have reached the aggregate capacity for that island.