In June 2021, the California Public Utilities Commission (Commission) issued its Mid-Term Reliability Procurement Decision, Decision (D.) 21-06-035, which directed load-serving entities subject to its jurisdiction (investor-owned utilities, community choice aggregators, and energy service providers) to procure at least 11,500 megawatts (MW) of net-qualifying capacity (NQC) for reliability for the period 2023 through 2026. The decision established cumulative annual procurement requirements: 2,000 MW in 2023, 6,000 MW in 2024, 1,500 MW in 2025, and 2,000 in 2026. The decision also states that the Commission expects all of the resources procured pursuant to that decision to be zero-emitting, unless they otherwise qualify under renewables portfolio standard eligibility requirements (biomass, for example).
Continue Reading CPUC Issues Net-Qualifying Capacity Values to Be Used for Mid-Term Reliability Procurement
Battery Storage Procurement: It’s the Wild West Out There
As the energy storage industry continues on its trajectory of near-exponential growth, in the course of assisting our clients we are seeing a wide variety of battery energy storage system (BESS) offerings in the market, and we don’t always like what we see from a project finance and risk perspective.
Battery system offerings are all
SDG&E Issues Max 800 MW All-Source RFO, with caveat
We recently learned that San Diego Gas and Electric has issued a 2014 All Source Request for Offers (RFO).
The RFO requests offers for up to 800 MW from the following resources:
- Energy Efficiency (EE)
- Demand Response (DR)
- Renewables
- Combined Heat and Power (CHP)
- Energy Storage
- Conventional
- Distributed Generation (DG)
The RFO is authorized by
DOD Should Consider Adding Fast-Ramping Generation to its Procurement Planning
Intermittent resources create unique challenges for 21st Century Utilities, RTO’s and System Operators. The now infamous "Duck Chart" highlights a key element of the problem — central station thermal plants cannot ramp efficiently, leading to "worst of all" scenarios where the benefits of renewables are not fully utilized and central station plants operate inefficiently for
1.3 GW California Energy Storage Procurement Mandate Approved
The California Public Utilities Commission has unanimously approved a 1,325 MW energy storage procurement target for the state’s largest utilities in Decision 13-10-040. PG&E, SDG&E, and SCE must collectively procure 1,325 MW of energy storage resources by 2020, for installation no later than 2024. The first of at least four competitive solicitations for energy storage projects
TerraPass Issues California Renewable Energy RFI
TerraPass Inc., recently issued a Request for Information (RFI) on behalf of a client that is interested in ownership, investment and/or long-term bundled renewable energy offtake opportunities within PG&E territory. The RFI seeks information from firms with renewable energy projects that are currently under development or construction in California and have projected online dates in 2014 or 2015. TerraPass’
Stoel Rives Helps Launch Solar Industry’s First EPC Contract Template
SolarTech, a non-profit private/public consortium, recently announced the solar industry’s first engineering procurement and construction (EPC) contract template for solar financing. Whereas a PPA (power purchase agreement), loan agreement or operating lease agreement handle the front-end financing relationship, the EPC agreement handles the execution phase of the project. The template was developed by the SolarTech