North Carolina has received positive response to the Request for Proposals (RFP) floated in July seeking participation from renewable energy companies.
Duke Energy’s 680 MW solar capacity expansion for the Carolinas includes 600 MW in Duke Energy Carolinas (DEC) and 80 MW in Duke Energy Progress (DEP).
The Competitive Procurement for Renewable Energy (CPRE), part of the Competitive Energy Solutions Law, confirms that the bids received totaled more than 4 times the target amount for DEC and 15 times the amount for DEP.
The solar expansion project received bids for 78 projects – representing more than 3,900 MW of renewable energy. North Carolina received bids for about 2,000 MW, while South Carolina received bids representing 1,900 MW.
“We are confident that the program goals will be met for the Carolinas,” said Independent Administrator, Harry Judd of the Accion Group, who will evaluate projects.
Accion, the Independent Administrator, will evaluate the proposals based on the criteria approved by the North Carolina Utilities Commission to determine which projects provide the most economic benefit to Duke Energy customers.
Winning proposals will be selected in the spring and the companies will move forward with executing power purchase, interconnection and other necessary agreements with the selected projects.
Bidding conditions for Duke Energy businesses say they can win projects if they are among the most cost-effective judged by the Independent Administrator. This apart, companies with Duke Energy ownership stake cannot win more than 30 percent of the total RFP.
CPRE is one of several programs Duke Energy is implementing as part of the new renewable energy law. Under the law, all bids must be priced below the utility’s avoided cost so the program will benefit customers by bringing lower-cost solar energy to the Carolinas versus traditional PIRPA rates.
“The number and diversity of bids submitted represent an important and positive step for a clean energy future in the Carolinas, where customers will benefit,” said Rob Caldwell, president, Duke Energy Renewables and Distributed Energy Technology.