Tri-State issues RFP for renewable resources

Tri-State issued a request for proposals for renewable energy supply on Oct. 21, which is aimed at taking advantage of current competitive market prices, while continuing to assist its member co-ops in Colorado and New Mexico in meeting their renewable portfolio standard requirements.

“Given its restricted size and accelerated schedule, this RFP is more limited in scope than the one we issued in 2007,” said business development manager (energy resources) Susan Hunter.  “We are meeting our members’ RPS obligations of 10 percent by 2020. The primary goal of this RFP is to see if we can secure a resource at advantageous pricing, while adhering to the RPS schedule,” she said.

Hunter explained that the RFP is intended to solicit bids for resources that will be in service prior to Jan. 1, 2013, to benefit from the federal Production Tax Credit which is set to expire at the end of 2012.  Only renewable resources that meet the definitions within the Colorado and/or New Mexico renewal portfolio standard requirements will be considered.  Generally, these resources include solar, wind, small hydro, geothermal, biomass and, in the case of the Colorado RPS, recycled energy.

Tri-State is seeking renewable energy deliveries of up to 300,000 megawatt-hours per year, which is roughly equivalent to the output of a 100-megawatt wind farm with an annual capacity factor of 35 percent.  Proposals must include deliveries of at least 15,000 megawatt-hours per year.  Power purchase agreements with a minimum term of 15 years and a maximum term of 25 years will be considered.

The deadline to submit proposals is Nov. 15, 2011.

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