Two major requests for proposals (RFPs) were announced this week for renewable energy in the U.S. midwest.
The world’s largest renewable energy operator, Spanish company Iberdrola Renewables issued a reverse RFP for the output associated with three wind farms the company is developing in Illinois, Missouri and North Dakota.
Iberdrola Renewables is accepting bids for the purchase of energy and/or Renewable Energy Credits (RECs) and capacity, as applicable for the following three projects:
- Farmers City Wind, anticipated to be 144 megawatts (MW) and located in Missouri
- Streator Cayuga Ridge South, anticipated to be 300 MW in the PJM Interconnection and located in northern Illinois
- Rugby Wind, anticipated to be 149 MW and located in North Dakota.
Iberdrola Renewables reserves the right under this Reverse RFP to select or reject any or all proposals received through the process, contingent upon the extension of the federal renewable energy production tax credit (PTC), and receipt of bids that meet the organization’s credit, and financial return requirements. Non-binding bids are due by 5 p.m. CT on Thursday, June 26, 2008.
Iberdrola Renewables announced last week that it will invest $8 billion in the U.S. between 2008 and 2010. The company plans to install 2,000 MW a year–half of that in the US–to reach 13,600 MW worldwide by 2010.
AEP Ohio
Columbus, Ohio-based American Electric Power’s (NYSE: AEP) operating unit, AEP Ohio, issued an RFP seeking long-term purchases of up to 300 MW of renewable energy resources.
The generation must be interconnected to the PJM Interconnection and operational no later than Dec. 31, 2010.
The company will consider proposals including wind, hydro, solar photovoltaic or solar thermal, geothermal, biologically derived methane gas and certain biomass energy projects.
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