"We are looking for solid proposals that will help us provide affordable and reliable power to meet state renewable energy requirements," said PNM Director of Resources and Planning Pat O’Connell. "A robust, competitive bidding process helps us identify the best options available to serve our customers with PNM’s expanding renewable portfolio."
PNM will consider cost-competitive offers for asset purchases, design-build-transfer projects or purchased power agreements, in addition to renewable energy certificate (or REC-only) bids. (RECs are certificates that document that energy was generated by a renewable resource.)
Projects should be located in or deliver electricity to customers in New Mexico. REC-only purchases must be from a facility located in New Mexico. Renewable energy sources sought include wind, solar, geothermal, hydropower and biomass technologies. Fossil fuel and nuclear resources will not be considered.
Currently, PNM utilizes both wind and solar to serve customers and has a proposal for additional wind and solar resources in 2014 and 2015 before state regulators. Next year, PNM customers will begin receiving geothermal energy from a newly-constructed facility in southern New Mexico.
Pre-Bid Conference Set for Monday, Nov. 25, 2013
PNM will host a pre-bid conference and live webinar at its headquarters at 414 Silver Ave. SW in Albuquerque, N.M., on Monday, Nov. 25, 2013, from 1 p.m. to 3 p.m. MST for project developers interested in submitting proposals. Details for participating in the conference online and in person will be posted at PNM.com/RFP.
