Portland General Issues RFP Seeking 101 MW of Renewable Capacity
On October 1, Portland General Electric ("PGE")
issued a Request for Proposals ("RFP")
seeking approximately 101 aWM of renewable generation. PGE is requiring the renewable generation to meet its obligation under the Oregon Renewable Portfolio Standard
, which requires PGE to obtain 15% of its energy from renewable resources starting in 2015. Hence, bids must be from resources that qualify as "renewable"
under Oregon's RPS legislation. Such sources include solar, wind, geothermal, and tidal/ocean energy, as well as biomass, biogas, and hydroelectric power within specific limits.
PGE's prefers for its purchase obligations to commence at the end of 2015. However, bidders may submit proposals with deliveries commencing anywhere in the 2013-17 window. In addition, bidders may propose to sell PGE power under a traditional Power Purchase Agreement, or may propose a structured transaction in which PGE would take an ownership share of the generation resource.
PGE will submit its "benchmark" proposal -- that is, its self-build option, against which outside bids will be evaluated -- on October 30, 2012. Bidders will be required to submit their bids to PGE on November 13, 2012. By February 5, 2013, PGE aims to finalize the short list of bidders with whom it will then negotiate final contracts.
If you have any questions about the MOU and responding to PGE's need for renewable energy, please contact a member of GTH's Renewable Energy and Sustainable Technology
practice group. We have years of experience in the energy industry, electricity, project development, financing, licensing, and related fields.