January 27 (Renewables Now) - Appalachian Power, a unit of utility American Electric Power Company Inc (NYSE:AEP), is looking to buy up to 200 MW of photovoltaic (PV) projects in Virginia to meet a state solar capacity requirement.
The company has issued a Request for Proposals (RfP) that will be a second call for developers to provide it with solar PV offers. It follows an earlier call for proposals, which AEP launched in November 2019 targeting wind and solar projects in the PJM power market. The original RfP, however, did not result in any viable projects, Appalachian Power said on Thursday.
Proposals in the new round have to be of at least 10 MW and planned commissioning before December 15, 2022. Unlike the previous solicitation, projects in this one can include a battery storage component. All of them need to be interconnected to Appalachian Power’s Virginia distribution system or PJM.
Interested parties will be able to submit bids by March 12, 2020. Under the RfP terms, the utility may acquire a single or multiple solar assets from winning bidders.
“Having more proposals increases our ability to identify viable utility-scale solar projects that reduce customer costs and expands our renewables portfolio,” said Chris Beam, Appalachian Power’s president and CEO.
According to a 2018 law, Appalachian Power is required to build or acquire solar generation capacity of at least 200 MW in Virginia by 2028. The utility currently source the bulk of its electricity from fossil fuels.