TVA is now accepting proposals to develop 200 megawatts (MW) of renewable energy that can be brought online by the end of 2023. The deadline for proposal submissions is April 24.
According to the Request for Proposal, the utility is interested in procuring up to 200 MW of new stand-alone renewable energy resources or renewable energy plus battery energy storage systems, including all the associated environmental attributes.
TVA procured more than 1,300 MW on behalf of customers through similar requests for proposals in 2018 and 2019. According to the utility, large-scale solar costs 80 percent less than private-scale solar and delivers the best value for renewable energy across TVA’s seven-state service territory.
Recently, the TVA Board of Directors approved six flexibility principles in its February meeting that may grant local power companies the ability to buy or generate power on their own. Previously, TVA sought public input on the potential environmental impacts of a 150-MW solar project in Lincoln County, Tennessee. The power provider entered into an agreement with Elora Solar, LLC to purchase power generated by the proposed solar facility.
TAEBC champions advanced energy as a job creation and economic development strategy in the state. This move allows TVA to provide more clean, reliable energy for their customers.
The utility provider will announce the selected proposals in fall 2020. To review TVA’s RFP and submit bids, visit this link.