PNM, a subsidiary of PNM Resources and New Mexico's largest electric utility, has issued a request for proposals (RFP) for renewable energy resources totaling 150,000 MWh produced and delivered to customers in 2016.
‘We are looking for solid proposals that will help us provide affordable and reliable power to meet state renewable energy requirements,’ says PNM Director of Resources and Planning Pat O'Connell. ‘A robust, competitive bidding process helps us identify the best options available to serve our customers with PNM's expanding renewable portfolio."
PNM says it will consider cost-competitive offers for asset purchases, design-build-transfer projects or power purchase agreements, in addition to renewable energy certificate (REC)-only bids.
Projects should be located in or deliver electricity to customers in New Mexico. REC-only purchases must be from a facility located in New Mexico. Renewable energy sources sought include wind, solar, geothermal, hydropower and biomass technologies – the utility emphasizes that fossil fuel and nuclear resources will not be considered.
Currently, PNM says it utilizes both wind and solar to serve customers and has a proposal for additional wind and solar resources in 2014 and 2015 before state regulators. Next year, PNM customers will begin receiving geothermal energy from a newly constructed facility in southern New Mexico.
Those who want to participate in the bid process should submit a notice of intent to bid by Dec. 3 and submit their proposal by Jan. 10. Submissions can only be made using a web link to the request for proposals online bidding platform, posted on PNM.com/RFP.