The RFP is soliciting bids for development assets for new distributed solar generation facilities or mechanically complete solar facilities under asset purchase agreements.
The RFP is also seeking power purchase agreement bids where the Company will enter into an agreement for the energy, capacity, ancillary services, and environmental attributes including Renewable Energy Certificates from the facility. The new facilities must be no larger than three megawatts (MW)(ac) in capacity, located in the Dominion Energy Virginia service area and commercially operational by the end of 2022 to be considered.
The RFP outlines the exact proposal requirements, including the power and asset purchase agreement terms as well as the price and non-price evaluation criteria. Among several criteria, the Company will favorably consider each proposal's use of labor, materials and other resources within Virginia and from Virginia businesses.
Notices of Intent to Bid and Confidentiality Agreements are due by October 30, 2020 with final asset purchase and power purchase proposals due January 8, 2021 and March 1, 2021, respectively.
Solar generation is a vital part of Dominion Energy's comprehensive clean energy strategy to meet standards outlined in the Virginia Clean Economy Act and to achieve the company's net zero carbon dioxide and methane emissions commitment by 2050. This RFP will help the company continue to add additional renewable energy resources in order to meet those goals.
(C) 2020 Electronic News Publishing, source ENP Newswire