On May 1, 2020, Dominion Energy (“Dominion”) released a request for proposal (“RFP”) for up to 1,000 MWs of new photovoltaic solar (or paired with energy storage), new onshore wind (or paired with energy storage), or stand-alone energy storage. The RFP was released as part of Dominion’s plans to meet the targets set forth in the Virginia Clean Economy Act (VCEA), which was signed into law by Governor Northam on April 11, 2020. The renewable energy credits (RECs) purchased from the new resources are intended to be used by Dominion for compliance with the Renewable Portfolio Standard (as defined and provided in the VCEA).
The RFP is seeking proposals for (i) power purchase agreements (“PPAs”), (ii) purchase of the development project at notice to proceed (“Development Proposal”), or (iii) purchase of the project at mechanical completion (“MC Proposal”). A proposed facility must be in Virginia and have “Unit Capacity,” defined as maximum net MW (ac) output, of at least 5 MW. Bidders can submit more than one proposal for a single facility.
For PPA proposals, Development Proposals and MC Proposals, proposed facilities must propose delivery of Unit Capacity commencing no later than 2023. All proposed facilities are required to be in-service or capable of delivering their full rated output by December 31, 2023.
A Notice of Intent to Bid Form and executed Confidentiality Agreement are due no later than 12:00 pm (EDT) on May 18, 2020. Acquisition proposals are currently due by September 1, 2020, and PPA proposals are due by March 1, 2021. The RFP is expected to be concluded Q2 of 2021.
Additional details and information are available on Dominion’s RFP webpage located here.