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Investors - OCTOBER 23, 2020

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Clean Power Alliance launches RFO for more renewables, storage

by Released

Clean Power Alliance has released its clean energy 2020 request for offers for long-term clean energy power-purchase agreements, with an eye towards diversifying its renewable energy sources, adding long-duration storage, and securing structured products to deliver energy at specific key times.

Within the “Renewable Energy Contract” category, CPA will be seeking Renewable Portfolio Standard (RPS)–eligible generation and RPS plus Storage projects that are 5 megawatts to 300 megawatts in size. Within the “Standalone Storage Contract” category, CPA will be seeking standalone storage projects that are 5 megawatts to 100 megawatts in size. For projects that include a storage component, eligible storage durations include conventional four-hour duration as well as longer storage duration (up to 12-hour duration). Eligible projects must have a commercial operation date no later than the end 2025; however, projects with commercial onli

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