Responses are due Tuesday, February 28, 2023
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-CSGT program. Peninsula Clean Energy Authority is authorized to procure 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 June 30, 2025 or sooner.
Event | Date |
RFP posted | December 21, 2022 |
Deadline to submit questions | February 10, 2023 |
Deadline to submit Offers | February 28, 2023 |
Shortlist Interviews | March, 2023 |
Completed agreements with selected Proposer(s) | Q3, 2023 |
RFO Materials
01 DAC-GT and CSGT Request for Offer (RFO) Protocols
A1 Attachment 1 – Offer Form
A2 Attachment 2 – Project Narrative
A3 Attachment 3 – Term Sheet for Resources Less than 1 MW
A4 Attachment 4 – Community Sponsor Letter Requirements
A5 Attachment 5 – Supplier Diversity Questionnaire (Optional)
About Peninsula Clean Energy
Peninsula Clean Energy is a Community Choice Aggregation agency. It is the official electricity provider for San Mateo County, for the City of Los Banos in Merced County. Founded in 2016 with a mission to reduce greenhouse gas emissions in the San Mateo County, the agency serves over 310,000 customer accounts by providing more than 3,600 gigawatt hours annually of electricity that is carbon-free and at a lower cost than PG&E. 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. As a community-led, not-for-profit agency, Peninsula Clean Energy makes significant investments in our communities to expand access to sustainable and affordable energy solutions. Peninsula Clean Energy is on track to deliver electricity that is 100% renewable on a time-coincident basis by 2025.
In May 2019, Peninsula Clean Energy received an investment grade credit rating of Baa2 from Moody’s. In April 2020, it received an investment grade credit rating of BBB+ from Fitch. As of September 30, 2022, Peninsula Clean Energy had an unaudited total cash and investments balance of $188.6 million representing all restricted and unrestricted cash plus short-term and medium-term investments. Of the total, $188.3 million, or 99.8%, was unrestricted representing 295 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 2021-2022 audited financials are available on its website at Key documents page.