Portland General Electric’s (PGE) request for proposals (RFP) for renewable energy generating capacity has closed with 64 bids, representing 39 separate projects and a combined nameplate capacity of 4,450MW.
PGE received proposals for a mix of projects that would be sold to the utility after asset purchase agreements and projects agree to sell the power under long-term power purchase agreements. Many of the proposed bids were wind power projects, but the utility noted that bids included geothermal, biomass, biogas, hydro and solar projects as well.
The RFP sought proposals that would see PGE buy nearly 100 average megawatts of renewable power. Bids had to be at last 10MW and hold a minimum duration of 10 years. The utility expects for the acquired resources to be brought into its portfolio between 2013 and 2017.
PGE is evaluating the bids it received and will keep the names of the bidder and other details of their proposals confidential. A final short list of bids for negotiations is anticipated to be completed by the first quarter of 2013 with final selections made within the first half of next year.