Peninsula Clean Energy
Peninsula Clean Energy

2021 RFO for Renewable Energy + Storage

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Offers due Wednesday, January 14, 2022 at 5 p.m. Pacific Prevailing Time (PPT)

Overview

Peninsula Clean Energy is excited to launch this 2021 Renewable Energy and Storage Request for Offers (RFO). Peninsula Clean Energy is soliciting competitive proposals for the purchase of renewable energy contracts to fulfill our energy goals, specifically Peninsula Clean Energy’s goal to serve our customers’ electricity needs with renewable energy in all hours throughout the year.

The goal of this 2021 Request for Offers for Renewable Energy + Storage (“RFO”) is to provide a competitive, objectively administered opportunity for suppliers to propose projects to fulfill Peninsula Clean Energy’s desire for renewable resources that have a commercial on-line date of January 1, 2026 or sooner. Peninsula Clean Energy has a preference for projects that can start operating in 2024.

RFO schedule

ActivityDate
Issue RFOThursday, November 18, 2021
Deadline to submit questions prior to webinarFriday, December 3, 2021
Bidder webinar to discuss RFO processTuesday, December 7, 2021, 11:00 a.m. PPT
Updated Q&A posted to websiteWednesday, December 22, 2021
Deadline to submit questionsFriday, January 7, 2022
Final Q&A addendum posted to websiteMonday, January 10, 2022
Deadline to submit RFO proposalsFriday, January 14, 2022; 5:00 p.m. PPT
 Bidders notified of shortlist status Monday, February 28, 2022
 Power purchase agreement and awards Q3, 2022

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RFO materials

Communications

All RFO documents are available on the Peninsula Clean Energy website at: www.peninsulacleanenergy.com/solicitation/2021-rfo-for-renewable-energy-storage. All announcements, updates and Q&As will be posted on the website.

All communications regarding this RFO should be sent to the RFO email at: PenCleanEnergy2021RFO@peninsulacleanenergy.com.

Please send communications only to the RFO email and not to the individual contacts’ email addresses. Emails sent to individual contacts and not to the RFO email may not be reviewed or responded to.

Webinar

Peninsula Clean Energy will host an informational webinar on Tuesday, December 7, 2021 from 11 a.m. – 12:30 p.m. PPT.

During the webinar, Peninsula Clean Energy will address questions submitted in advance of the webinar by 5 p.m. on Friday, December 3, 2021 and encourages respondents to submit questions in advance of the webinar to support a more efficient webinar. Questions should be submitted via the process below. Slides and a recording of the Webinar will be posted after the Webinar is complete.

Register now for this webinar

Submission and posting of Q&A

Questions are due no later than Friday, January 7, 2022 at 5 p.m. PPT . Respondents are encouraged to submit questions concerning the RFO. 

All questions must be submitted through the form posted here:  https://forms.gle/CNUVVfANHu5UDg1n6 . Bidders are urged to submit RFO questions to Peninsula Clean Energy as early as possible, in consideration of the proposal submission deadlines. Questions submitted by Friday, December 3, 2021 will be answered during the webinar.

Peninsula Clean Energy intends to post all questions submitted by bidders before and after the webinar, as well as responses to those questions, in the form of an Addendum posted to the RFO website. Responses to questions answered during the webinar will be posted following the webinar. Answers to any questions that are received after the webinar will be posted on Monday, January 10, 2022 . All addenda shall become part of this RFO. All questions will be posted anonymously, to shield the identity of bidders who posed the questions. Peninsula Clean Energy’s objective in posting questions and answers is to afford bidders equal access to information potentially relevant to their proposals.

Bid submittal

Respondents’ offers must be submitted by  Friday, January 14, 2022, 5 p.m. PPT . Offers must include the required documents described in the RFO instructions (see RFO materials, above). All proposals must meet the requirements of the RFO to be considered. However, Peninsula Clean Energy reserves the right to waive any deficiency of an offer.

Only electronic submittals will be accepted via e-mail sent to  PenCleanEnergy2021RFO@peninsulacleanenergy.com . Please include “Peninsula Clean Energy 2021 RFO offer from [Company Name]” in the subject line. Late proposals shall be rejected. This deadline is absolute and proposals received after the due date and time shall not be considered.

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.

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 June 30, 2021, Peninsula Clean Energy had an audited total cash and investments balance of $170.1 million representing all restricted and unrestricted cash plus short-term and medium-term investments. Of the total, $165.7 million, or 97.4%, was unrestricted representing 256 days of cash on hand, significantly higher than Peninsula Clean Energy’s Board policy requirement of 180 days. Peninsula Clean Energy’s financial statements including its fiscal year 2020-2021 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.

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