Virginia energy concerns RFP for 300 MW of renewable energy projects

• Appalachian Power released a request for proposals (RFPs) for up to 300 MW of solar and/or wind generation resources. The request for proposals is the initial in a collection of RFPs Appalachian Power will release this year to follow provisions of the Virginia Clean Economy Act (VCEA).

Under the VCEA, Appalachian Power have to meet annual targets as it pursues 100% carbon-free energy in its Virginia service region by 2050. The firm is seeking facilities that are at the very least 50 MW in size as well as commercially functional by mid-December 2023, although propositions with an operational date of no later than Dec. 15, 2024 will be taken into consideration. Bidders might likewise include proposals with an alternative for a battery storage system.

" This is Appalachian Power's largest demand yet in a solitary year for renewable energy quotes," claimed Chris Beam of light, Appalachian Power president and also COO. "We look forward to reviewing the propositions and also releasing even more ask for quotes later on this year as we broaden our portfolio as well as dependence on clean energy."

Under the RFP, Appalachian Power may obtain a solitary or several solar and/or wind facilities from winning bidders that fulfill certain financial and functional requirements. Propositions that receive federal tax obligation credit scores are favored, yet not needed.

To get factor to consider, solar projects must be found in Virginia. Wind projects located in Virginia are chosen, but not needed. All projects must be interconnected to PJM, the independent regional transmission company that manages the electrical grid in 13 states, consisting of Virginia.

Services looking for to send a proposition can access criteria, necessary types and other specifics at www.appalachianpower.com/go/rfp. Proposals should be sent by March 31, 2021. Any type of project chosen by Appalachian Power with the RFP process is conditional upon and based on authorization by the called for regulatory authorities.

Appalachian Power creates approximately 1,900 GWh of energy yearly from renewable resource.