Appalachian Power seeks bids for 1.1 GW renewable energy projects.

By Oliver Townsend May 24, 2024
Appalachian Power, a Subsidiary of American Electric Power, Issues Tenders for 1.1 GW of Renewable Energy Supply.pngOrginal image from: https://solarquarter.com/2024/05/24/appalachian-power-a-subsidiary-of-american-electric-power-issues-tenders-for-1-1-gw-of-renewable-energy-supply/

Appalachian Power, a subsidiary of American Electric Power, has recently issued three Requests for Proposals (RfPs) to procure renewable energy supply. This initiative aims to secure power and Renewable Energy Certificates (RECs) from wind and solar projects, as well as battery energy storage systems (BESS). The deadline for bid submissions for all RfPs is July 16, 2024.

Request for Proposal 1 (RfP 1)

APCo is looking to procure wind and solar projects, along with co-located or standalone BESS, totaling up to 800 MW through purchase and sale agreements. Eligible projects must qualify for Federal Production Tax Credit or Federal Investment Tax Credit and connect to the PJM Interconnection or APCo distribution system within the PJM footprint. Minimum project sizes vary depending on the type of project and stage of development.

Request for Proposal 2 (RfP 2)

APCo aims to purchase power and environmental attributes from wind and solar projects totaling up to 300 MW through power purchase agreements. Projects should be operational by December 31, 2028, and located within the PJM Interconnection. Minimum project sizes for this RfP are 5 MW for solar projects and 50 MW for wind projects.

Request for Proposal 3 (RfP 3)

APCo is seeking proposals for the acquisition of unbundled Renewable Energy Certificates (RECs) sourced from renewable resources. The RECs must adhere to the Virginia Renewable Portfolio Standard and be validated by PJM’s Generation Attribute Tracking System. Eligible renewable resources include solar or wind projects, along with other specific criteria.

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