El Paso Electric launches tender for renewable energy projects in New Mexico
El Paso Electric (EPE) is issuing an All-Source Request for Proposal (RFP) to obtain both short-term and long-term generating resources and renewable energy for its New Mexico customers by 2025.
The objective of the RFP tender is to obtain renewable energy to meet New Mexico’s increasing Renewable Portfolio Standard (RPS) and capacity required to meet projected New Mexico energy demand. The New Mexico RPS requires EPE to meet 40% of its New Mexico jurisdictional sales with renewable energy resources beginning in 2025.
EPE is issuing this RFP to obtain the following short-term and long-term resources:
- Resource to support short-term capacity need of 40 MW in 2022 growing to 90 MW in 2024. EPE
is open to short-term PPA proposals to support the need between 2022-2024 timeframe; - Long-term capacity resource of approximately 90-110 MW online no later than May 1, 2025, that
comply with the requirements of the REA and Rule 572; and - Long-term renewable energy resource of approximately 175,000 MWh online by December 2024
to meet the REA’s and Rule 572’s requirement of 40% by 2025
As part of New Mexico’s RPS, EPE will also need a long-term resource that will generate approximately 175,000 MWh per year of additional renewable energy by December 2024.
The deadline for the submission of proposals is on August 31, 2021. The tender information can be accessed on our business opportunity page here.
Country updates
-
-
August 24, 2021
Natixis closes financing for 300 MW solar plus storage project in USA
Natixis announced the successful closing of two separate financings in support of the Project Slate, a solar plus storage project being constructed in Kings County, California.
Read more -
August 24, 2021
Natixis closes financing for 300 MW Slate solar project with 140 MW energy storage in Kings County
Natixis has closed two separate financings in support of the Project Slate, a solar plus storage project being constructed in Kings County, California. Project Slate is owned by Goldman Sachs Renewabl...
Read more -
August 23, 2021
Construction completed for Phase 2 of World's largest battery facility in USA
Vistra recently completed construction on Phase II of its Moss Landing Energy Storage Facility.
Read more -
August 23, 2021
BOEM completes environmental review for 130 MW Deepwater ONE – South Fork offshore wind project off Rhode Island
The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the proposed South Fork Wind project offshore New York and Rhode Island. South Fork Wind, LLC is proposing to bu...
Read more -
August 19, 2021
Nexamp and TurningPoint Energy collaborate on a 35 MW Maine Community Solar Portfolio
Nexamp is accelerating its investment in Maine as it becomes the long-term owner of a portfolio of community solar projects developed by TurningPoint Energy (TPE), a clean energy development, advisory...
Read more
