Who you are
We are looking for leaders in the renewable energy industry who can help meet the commitment these markets have made toward green and sustainable energy consumption, both in the near term and in the future.
How we’ll partner together
We are working to meet the needs of market operators, utilities, and corporate energy customers by developing and implementing solutions that enable the broad adoption of clean energy. By working together with our partners, we develop clean energy projects in targeted markets in the United States to help our customers meet their ambitious clean energy objectives.
About the RFP
AES is issuing this RFP seeking carbon-free energy projects to support 24/7 carbon-free customers in PJM and CAISO. We are seeking proposals for the purchase of up to 2,000 MW of renewable energy resources, including environmental attributes, ancillary services, and capacity / Resource Adequacy (RA) from newly constructed renewable energy projects in the PJM and/or CAISO control areas.
You may choose to submit projects for one or both markets.
You are requested to provide either/or PPA pricing or investment structures for review. For PPAs please provide pricing for bundled energy, environmental attributes, and ancillary services, both including and excluding capacity/RA attributes for terms of [10-20 years] in PJM and CAISO.
AES will also consider joint venture structures that support the development and funding of a project or pipeline of projects from experienced developers, creating structures that leverage both parties' strengths in the development, EPC, financing and O&M fronts.
Proposed PJM projects must have commercial operation dates (CODs) between January 1, 2023, and December 31, 2025.
Proposed CAISO projects must have commercial operation dates (CODs) between January 1, 2023, and December 31, 2026.
We will consider both unit contingent and fixed hourly shape structures from new solar, new solar + battery energy storage, new and/or repowered wind, new hydropower, and energy storage resources.
How you can stand out
Innovation to create customized solutions is one of our highest priorities in evaluating a potential provider. We are looking for providers that can offer the best clean energy projects while being open and flexible to apply proven technologies that enable us to deliver safe, reliable and cost-effective clean energy. We encourage you to note aspects of your project that are open to joint innovation in your submission.
Process and Timeline
RFP information, proposal submission, data exchange, and communications will occur through the PowerAdvocate web platform.
The RFP process is comprised of four phases:
Phase 1
Initial Qualification
Requires respondents to complete the Expression of Interest (Exhibit A), Statement of Qualifications (Exhibit B) and Non-Disclosure Agreement (Exhibit C) and upload the corresponding documents via the PowerAdvocate event website. Due to the large number of expected Respondents, AES will not be able to review or accept revisions to the NDA.
Phase 2
Pricing and Respondent Submission
Upon receipt and acceptance of Exhibits A-C, AES will approve access on the PowerAdvocate web platform for the Respondent to view full event details, proposal submission functionality, complete the online questionnaire, and view/download the PPA term sheets.
Phase 3
Due Diligence and Selection
After receipt of the proposals and supporting information via the PowerAdvocate web platform, submissions will be reviewed and a shortlist of projects to move forward will be identified. All respondents proceeding to Shortlist Notification will also receive AES’s long form Power Purchase Agreement (PPA) contract for review.
Phase 4
Execution
Following successful due diligence and interaction with the respondents, AES will enter into PPAs for selected projects.
|
Milestone |
Date |
|---|---|
|
Expression of Interest, Statement of Qualifications, & NDA Due |
March 14, 2022 @ 9:00 PM ET |
|
Approved Bidders to receive Power Advocate Access |
March 18, 2022 |
|
Respondent Questions Due |
March 25, 2022 |
|
Answers to Respondents’ Questions |
April 1, 2022 |
|
RFP Submissions Due |
April 13, 2022 @ 9:00 PM ET |
|
Shortlist Notification |
May 30, 2022 |
|
Final Selection |
August, 2022 (estimated) |
|
Execution of PPAs |
Q3/Q4 2022 (estimated) |
Response Deadline
Expressions of Interest are due on Monday, March 14, 2022 at 9:00 PM ET, followed by RFP submission on Wednesday, April 13, 2022.
Access the RFP
Read about the complete RFP requirements, the solicitation and selection timelines, evaluation criteria, and legal considerations.
Questions and Support
The AES RFP Evaluation Team is here to support you throughout the RFP process.
General inquiries
For general inquires on accessing the PowerAdvocate event please utilize the applicable PowerAdvocate link for PJM or CAISO.
Technical support
Technical support for the PowerAdvocate web platform can be reached either via email atsupport@poweradvocate.com or by telephone at 857-453-5800
Monday through Friday
8:00 AM - 8:00 PM ET.
RFP questions
For RFP-specific questions, please utilize the messaging function within the PowerAdvocate web platform.
Deadline
We will accept questions until March 25 @ 5:00 PM. Responses to questions will be shared with all respondents to the by April 1.
AES: A global leader and reliable partner in the clean energy transition
Energy fuels life, powers business and sustains growth. At AES, we’re leading the transition to the future of energy. We believe it’s our responsibility to create innovative solutions that are both economically and environmentally viable. We partner with our customers to strategically transition to the future while continuing to meet their energy needs today. Working together, we’re improving lives by delivering greener, smarter energy solutions the world needs.
We have developed a broad network of industry partners to develop and deliver clean energy solutions to a diverse group of customers to support their clean energy and sustainability goals. Earlier this year, Bloomberg New Energy Finance reported that in 2021 “AES sold more clean energy to corporations than any other developer globally, at just under 3 GW. Two-thirds of this took place in the U.S.”
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, please visit www.aes.com.
