Pacific Gas and Electric (PG&E) said that proposals for renewable energy projects may include power purchase agreements from generation sources owned and operated by others, new generation facilities constructed for utility ownership, or sites suitable for the development of renewable energy projects.
Qualifying renewable sources in PG&E’s portfolio include solar, wind, biomass, geothermal and small hydroelectric. PG&E has scheduled a bidders conference for March 17, 2008, and offers are due on May 12, 2008. Since 2002, PG&E has entered into contracts for more than 2,000MW of renewable power.
PG&E expects to have 14% of its energy from renewable sources in 2008 and already has 20% of its resources under contract from renewables producers.
Fong Wan, PG&E’s vice president of energy procurement, said: We look forward to receiving a wide range of competitive offers from prospective renewable energy suppliers that will enable us to continue to diversify and grow our clean energy supply.
