RFP launched for Rhode island renewable energy projects

The Narragansett Electric Company, an investor-owned electric distribution company serving customers in the State of Rhode Island (United States), is seeking proposals for the supply of electric capacity and energy and Renewable Energy Certificates and related attributes from eligible renewable energy projects under long-term power purchase agreements (PPAs).

The following requirements must be met for approval of a PPA:

1. the project must be qualified as a “newly developed renewable energy resource,”
2. the PPA must be commercially reasonable,
3. the project must provide direct economic benefits to Rhode Island, such as job creation or tax revenues.

The procurement process is designed to have three stages of evaluation.

Initially, bids will be evaluated on the basis of whether certain eligibility and threshold requirements are satisfied. In the second stage, bids will be evaluated in a technology-neutral manner based on specified price and non-price evaluation criteria. At this third stage of the process, further evaluation of the remaining bids will be conducted on matters pertaining to project viability and the extent to which the bids, individually and as a portfolio, achieve a variety of objectives, including cost effectiveness and diversity of resources.

There will be a Conference for bidders on July 15th, 2014. The deadline for submission of questions is July 18th, 2014. And the deadline for submission of proposals is August 5th, 2104.

Download RFP: http://www.photon.info/newsletter/document/86928.pdf