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Offers due Friday June 28, 2024, at 5 p.m. Pacific Prevailing Time (PPT)
Peninsula Clean Energy is excited to launch this Request for Offers (RFO) for Renewable Energy and Storage projects. Peninsula Clean Energy is soliciting competitive proposals for the purchase of renewable energy and storage contracts to fulfill our energy goals, specifically Peninsula Clean Energy’s goal to serve our customers’ electricity needs with 100% renewable energy by 2030.
The goal of this 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 and storage resources that have a commercial on-line date of December 31, 2030 or earlier. Peninsula Clean Energy prefers projects that have received Full Capacity Deliverability Status, or equivalent from CAISO but will consider Energy Only projects as well.
This RFO is intended for projects in CAISO’s Cluster 14 or earlier. Peninsula Clean Energy will NOT consider offers for projects in CAISO’s Cluster 15 as part of this RFO, unless they are WDAT projects not subject to LSE Point Allocation.
| Event | Date |
|---|---|
| Issue RFO | Wednesday, June 5, 2024 |
| Deadline to submit questions | Friday, June 14, 2024 |
| Q&A posted to RFO website | Friday, June 21, 2024 |
| Deadline to submit RFO proposals | Friday, June 28, 2024; 5 PM PPT |
| Participants notified of shortlist status | Tuesday, July 23, 2024 |
| Contract Negotiation, Approval and Execution | By Q1 2025 |
All RFO documents are available on the Peninsula Clean Energy website at: https://www.peninsulacleanenergy.com/solicitation/rfo-for-renewable-energy-storage-2024/ 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: PenCleanEnergyRFO@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.
Questions are due no later than Friday, June 14, 2024. Respondents are encouraged to submit questions concerning the RFO.
All questions must be submitted through the form posted here. Bidders are urged to submit RFO questions to Peninsula Clean Energy as early as possible, in consideration of the proposal submission deadlines.
Peninsula Clean Energy intends to post all questions submitted by bidders, as well as responses to those questions, in the form of an Addendum posted to the RFO website. Responses to questions will be posted on Wednesday, June 21, 2024. 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.
Respondents’ offers must be submitted by Friday, June 28, 2024, 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 PenCleanEnergyRFO@peninsulacleanenergy.com . Please include “Peninsula Clean Energy RFO for Renewable Energy and Storage Projects, 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.
Peninsula Clean Energy is a Community Choice Aggregation agency. It is the official electricity provider for San Mateo County and, beginning in 2022, 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 by 2030.
In May 2019, PCE 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. In June 2023, it received an A- rating from S&P Global, and was upgraded to Baa1 by Moody’s, the strongest indication yet of its financial stability as the organization preserves discounted power rates and accelerates renewable power procurement. As of December 31, 2023, PCE had cash and investments of $345 million, representing 351 days of cash on hand, significantly higher than PCE’s Board policy requirement of 180 days. PCE’s financial statements, including its fiscal year 2022-2023 audited financials, are available on its website at https://www.peninsulacleanenergy.com/key-documents.
For more information on Peninsula Clean Energy, please go to https://www.peninsulacleanenergy.com/