Global Leader in International Renewable Industry News

posted in:

PGE reports on RFP response for renewable generating resources

Tuesday, Nov 27, 2012

Portland General Electric Company’s (NYSE: POR) recent request for proposals for renewable electric power generating resources has resulted in 64 bids representing 39 distinct generating projects with a combined nameplate capacity of 4,450 megawatts. These include a benchmark proposal submitted by PGE in late October. Third-party bids were due Nov. 13, 2012.

In order to meet renewable power needs identified in PGE’s current integrated resource plan the RFP asked for proposals to help the company acquire approximately 100 average megawatts of renewable power — enough to serve more than 83,000 typical PGE residential customers. Bids were required to meet a minimum size of at least 10 megawatts and a minimum duration of 10 years. PGE may acquire a single resource or a mix of resources to achieve the total desired renewable energy target, and anticipates the resources acquired will be brought into the company’s portfolio in the 2013-2017 timeframe to help meet PGE’s future obligations under the Oregon renewable energy standard.

The bids received include a mix of projects to be sold to PGE pursuant to asset purchase agreements and projects that would sell power to the utility under long-term power purchase agreements. While a substantial majority of the proposals in the bid pool are based on wind power, other renewable technologies including geothermal, biomass, biogas, hydro and solar are also represented.

PGE is currently evaluating the bids received, and expects to develop a final short list of bids for negotiation by the end of first quarter 2013. Names of the bidders and other details of their proposals will remain confidential. Final selections are expected within the first half of 2013.

Source: Business Wire

posted in:

Other Renewable News

EasySolar announces the all-in-one solar power solution 17-04-2014
Three International wind power exhibitions to take place in Shanghai in July 2014 17-04-2014
Bharat Light & Power selects OSIsoft PI System to support renewable energy growth in India 17-04-2014
JinkoSolar successfully connects two solar PV projects totaling 39MW to the grid in Jiangsu Province 17-04-2014
Yingli Green Energy signs cooperation agreement with Sailing Capital to jointly form a one billion RMB renewable energy fund 17-04-2014
IBERDROLA INGENIERÍA in Russia to construct the 1,020 MW substation for the Votkinskaya hydropower station 17-04-2014
Silver Fox® labels exhibit excellent results in latest long-term UV tests 16-04-2014
Introducing Trinity, a portable wind turbine power station for charging USB devices 16-04-2014
SolarWorld signs supply agreement with PetersenDean, largest privately held U.S. Roofing and Solar Company 16-04-2014
Two new wind farms in Nuevo Leon, Mexico, to be funded by the North American Development Bank 16-04-2014