Dominion Energy is seeking bids for up to 500 MW of solar and onshore wind generation as part of a plan to develop 3,000 MW of additional renewable energy under Virginia’s new Grid Transformation & Security Act (GTSA).
The GTSA, which became law on July 1, 2018, paves the way for the largest increase of renewable energy resources in the state’s history. The company has pledged to have 3,000 MW of new solar and wind energy – enough to power 750,000 homes – under development or in operation by early 2022.
According to Dominion Energy, Notices of Intent to Bid and Confidentiality Agreements are due by November 2, 2018 with final asset purchase and power purchase proposals due December 13, 2018 and March 14, 2019, respectively. Learn more here.
To meet this long-term commitment, the company intends to issue a Request for Proposals (RFP) each year, similar in timing and content to the solicitation released today, until the pledge has been met.
The newly announced Solar and Onshore Wind RFP is soliciting bids for energy, capacity and environmental attributes including Renewable Energy Certificates, for new solar and onshore wind facilities at least 5 MW (ac) in size. The facilities must be located in Virginia to be considered.
The proposals can be for power purchase agreements and/or the purchase of development projects. The RFP outlines the proposal requirements and power and asset purchase agreement terms requiring a commercial operations date in 2020, as well as the price and non-price evaluation criteria.
Notices of Intent to Bid and Confidentiality Agreements are due by November 2, 2018. Bidders seeking more information on the competitive bidding process and the RFP submittal documents can click here for more information.
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