American Electric Power (AEP) subsidiary Southwestern Electric Power Co. (SWEPCO) on June 28 said that it has issued three requests for proposals (RFPs) for renewable and short-term generating capacity to supply the needs of its customers.
The company said that the RFPs solicit bids for the purchase of wind resources of up to 3,000 megawatts (MW); solar resources up to 300 MW; and short-term accredited deliverable capacity up to 250 MW.
Wind resources must be a minimum of 100 MW, interconnect to the Southwest Power Pool (SPP) and be located in Arkansas, Louisiana, Texas, Oklahoma, Kansas, or Missouri, SWEPCO said, adding that solar resources must be a minimum of 50 MW, interconnect to SWEPCO’s transmission system within SPP, and be located in the SWEPCO service territory.
Proposals for short-term capacity must be for a minimum of 50 MW from SPP resources, the company said.
According to the wind RFP, for instance, SWEPCO seeks up to 3,000 MW of wind resources via multiple purchase and sale agreements (PSAs) for purchase of 100% equity interest in the project companies selected.
The RFP also noted that under PSA proposals, SWEPCO is only seeking projects on a turnkey basis in which it will acquire all of the equity interests in the project company whose assets are comprised solely of the project. Proposals that do not meet these criteria, including proposals for renewable energy power purchase agreements, will not be considered by the company, the RFP said.
Proposals are due by Aug. 12, SWEPCO said, noting that proposals selected from the RFPs are subject to appropriate regulatory approvals.
More information on the RFPs can be found on the company’s website.