PECO to Issue 6 Megawatt Solar RFP (PA)

[jpak]

http://www.solarbuzz.com/News/NewsNAPR1698.htm

PECO is looking for current and future solar energy producers to submit bids as the company seeks to purchase 6-megawatts of solar power. The action is part of the company’s overall environmental efforts and supports Pennsylvania’s Alternative Energy Portfolio Standards (AEPS). PECO recently received approval from the Pennsylvania Public Utility Commission (PUC) to purchase up to 80,000 solar alternative energy credits, the equivalent of 6-megawatts, during 10 years.

Once complete, the company’s purchases could result in the same environmental benefit as planting more than 48,000 acres of trees or not driving more than 133 million miles.

Through a competitive Request for Proposal (RFP) process, PECO will enter into fixed-price agreements with winning bidders to purchase up to a total of 8,000 credits per year for 10 years. PECO expects to enter into the agreements by February 2010, for delivery beginning immediately for existing projects or up to a year for projects under development.

PECO has scheduled a bidder teleconference for October 22 to outline the details of the RFP process and the terms of the agreements.

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