Yesterday, Appalachian Power issued a Request for Proposals (RFPs) for as much as 300 megawatts (MWs) of photo voltaic and/or wind era assets. The request for bids is the primary in a sequence of RFPs Appalachian Power will subject this yr to adjust to the Virginia Clean Economy Act (VCEA).
Under the VCEA, Appalachian Power should meet annual targets whereas working towards 100 % carbon-free power in its Virginia service territory by 2050. The firm is in search of services which can be a minimum of 50 MW in measurement and might be commercially operational by mid-December 2023, though proposals with an operational date of no later than Dec. 15, 2024 might be thought-about. Bidders may additionally embrace proposals with an possibility for a battery storage system.
Under the RFP, Appalachian Power could purchase a single or a number of photo voltaic and/or wind services from profitable bidders who meet sure financial and operational standards. Proposals that qualify for federal tax credit are most well-liked, however not required.
To qualify for consideration, photo voltaic tasks should be situated in Virginia. Wind tasks situated in Virginia are most well-liked, however not required. All tasks should be interconnected to PJM, the unbiased regional transmission group that manages the electrical grid in 13 states, together with Virginia.
Businesses in search of to submit a proposal can entry standards, required varieties, and different specifics right here. Proposals should be submitted by March 31, 2021. Any mission chosen by Appalachian Power by the RFP course of is conditional upon and topic to approval by the required regulatory authorities.
Appalachian Power brings energy to Virginia, West Virginia and Tennessee (as AEP Appalachian Power) and produces roughly 1,099 GWh (gigawatt hours) of power yearly from wind and hydropower. Additionally, AEP produces roughly 32,000 megawatts of numerous producing capability, together with four,300 megawatts of renewable power to its prospects.
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