Peninsula Clean Energy
Peninsula Clean Energy

Renewable Energy RFO for Disadvantaged Communities Green Tariff (DAC-GT) and Community Solar Green Tariff (CSGT) Program

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Responses are due Monday, January 30, 2022

Overview
Peninsula Clean Energy Authority issues this Request for Offers (RFO) to seek offers from qualified providers for renewable energy projects to fulfill its procurement requirements as part of its participation in California’s DAC-GT and DAC-CSGT programs. Peninsula Clean Energy Authority is authorized to procure between 1.24 MW and 4 MW for its DAC-GT program and between 0.4025 MW and 1.0 MW for its CSGT program. Eligible projects are new solar, wind, small hydroelectric, or biogas (but not biomass) Renewable Portfolio Standard (RPS)-eligible, in-front-of-the-meter generating facilities, with specific geographic location and other requirements as described in the RFO Protocols. Projects shall have a commercial on-line date of December 31, 2024 or sooner.

Event Date
RFP posted November 22, 2021
Deadline to submit questions January 14, 2022
Deadline to submit Offers January 31, 2022
Shortlist Interviews February, 2022
Completed agreements with selected Proposer(s) Q2, 2022

RFO Questions and Answers
Questions and Answers

About Peninsula Clean Energy
Peninsula Clean Energy, a community choice energy aggregator, is San Mateo County’s official electricity provider. Peninsula Clean Energy plans for and secures commitments from a diverse portfolio of energy-generating resources to reliably serve the electric energy requirements of its customers over the near-, mid-, and long-term planning horizons. Peninsula Clean Energy’s programs include advancing the adoption of electric vehicles and transitioning building fossil fuel uses to low-carbon electricity.

For more information on Peninsula Clean Energy, please go to www.peninsulacleanenergy.com.

In May 2019, Peninsula Clean Energy received an investment grade credit rating of Baa2 from Moody’s and in April 2020, Peninsula Clean Energy received an investment grade credit rating of BBB+ from Fitch. As of December 31, 2019, Peninsula Clean Energy had an unaudited cash balance of $175.4 million, of which $162.4 million was unrestricted. The unrestricted cash balance represented 264 days of cash on hand, well in excess of Peninsula Clean Energy’s Board updated policy requirement of 180 days. Peninsula Clean Energy’s financial statements including its fiscal year 2018-2019 audited financials are available on Peninsula Clean Energy’s website. Peninsula Clean Energy currently provides electricity service to approximately 300,000 customer accounts. This represents a population of over 700,000 people with 3,600 GWh of clean electricity annually.