PNM, a subsidiary of PNM Resources (NYSE: PNM) and New Mexico’s largest electric utility, has issued a request for proposals (RFP) for renewable energy resources totaling 150,000 megawatt-hours produced and delivered to customers in 2016.
“We are looking for solid proposals that will help us provide affordable and reliable power to meet state renewable energy requirements,” said PNM Director of Resources and Planning Pat O’Connell in a Nov. 18 statement. “A robust, competitive bidding process helps us identify the best options available to serve our customers with PNM’s expanding renewable portfolio.”
PNM will consider cost-competitive offers for asset purchases, design-build-transfer projects or purchased power agreements, in addition to renewable energy certificate (or REC-only) bids. RECs are certificates that document that energy was generated by a renewable resource.
Projects should be located in or deliver electricity to customers in New Mexico. REC-only purchases must be from a facility in New Mexico. Renewable energy sources sought include wind, solar, geothermal, hydropower and biomass.
Currently, PNM utilizes both wind and solar to serve customers and has a proposal for additional wind and solar resources in 2014 and 2015 before state regulators. Next year, PNM customers will begin receiving geothermal energy from a new facility in southern New Mexico.
PNM will host a pre-bid conference and live webinar at its headquarters at 414 Silver Ave. SW in Albuquerque on Nov. 25. Those who want to participate in the bid process should submit a “Notice of Intent to Bid” by Dec. 3 and submit their proposal by Jan. 10, 2014.