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Xcel Energy Seeks More Renewables in New Mexico

Source: www.gulfoilandgas.com 7/31/2012, Location: North America

Xcel Energy’s Southwestern Public Service Company (SPS) is seeking proposals for renewable resources other than wind or solar as part of its plan to diversify its renewable energy portfolio. SPS is seeking, on an annual basis, approximately 88,705 MWh (megawatt-hours) of “other” renewable energy generation as defined by the New Mexico Renewable Portfolio Standard (RPS), or an equivalent amount of biogas of approximately 665,300 MMBtu (one million British thermal units) to be in commercial operation no later than January 1, 2015. SPS prefers that the biomass resources be located in New Mexico.

This solicitation will enable the company to comply with regulatory requirements in New Mexico that call for 15 percent of the company’s New Mexico retail sales to be derived from renewable resources by 2015. As part of the diversity requirement, 10 percent of the total renewable resource requirement must consist of “other” technologies such as biomass, hydro, or geothermal.

Contracts are subject to explicit regulatory approval by the New Mexico Public Regulation Commission.Bidders are required to submit a Notice of Intent to Bid no later than Friday, August 31. The submission deadline is 5 p.m. Mountain Daylight Time on Monday, October 1.

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Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

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