US utility Duke Energy (NYSE:DUK) on Tuesday issued a request for proposals (RfP) for up to 500 MW of wind power capacity within its service territory in North and South Carolina.
The invitation is open to both existing wind farms and new developments in or outside the Carolinas region with capacities of between 100 MW and 500 MW. Proposals should be for projects that could enter into service by the end of 2022. The deadline for accepting bids is September 27.
"As costs in the wind sector decline and capacity factors increase, now is an excellent time to pursue wind energy for the Carolinas," said Rob Caldwell, president of Duke Energy Renewables and Distributed Energy Technology.
Interested parties in the RfP will be able to apply in three separate categories by launching power purchase proposals for a term of 5-20 years, suggest build, own and transfer (BOT) projects in which Duke Energy acquires the new wind farm or make proposals for the acquisition of already existing plants.
Duke Energy Carolinas currently owns 35 solar parks in the Carolinas region but does not purchase any wind power. The RfP will enable the company to comply with North Carolina’s 2007 Renewable Energy and Energy Efficiency Portfolio Standard (REPS), which makes it mandatory for the utility to generate 12.5% of its retail sales in the state via renewables or energy efficiency programmes by 2021 and beyond, it said.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.