Pennsylvania electrical utility PECO has launched a new competitive request for proposals (RFP) to procure long-term renewable energy, capacity and renewable energy credits from new solar projects in Pennsylvania. The RFP, approved by the Pennsylvania Public Utility Commission, is designed to expand solar generation across the state.
Through this RFP, PECO intends to enter into fixed-price power purchase agreements for up to 25 MWDC of solar generation for a term of 10 years. To qualify, projects should have permission to operate by May 31, 2029.
PECO is accepting proposals for a share percentage of projects that are larger than 25 MW — the minimum required size of each solar project is 5 MW. All projects must be connected to the PJM Interconnection grid, and capable of selling energy and capacity into PJM markets.
PECO and the collective Exelon utilities have a goal to reduce operations-driven emissions by 50% by 2030 and achieve net-zero emissions by 2050 through renewable energy sources like solar.
News item from PECO
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