Puerto Rico announces RFP for massive renewable power and storage capacity

Puerto Rico’s energy regulator PREB has released a draft Request for Proposals (RFP) for a minimum of 500MW of renewable power capacity and 250MW of storage in the Caribbean Island.

PREPA is planning to present six tranches of procurement in total over three years as part of its integrated resource plan, with a cumulative total capacity of 3,750MW of renewables and 1,500MW of energy storage sought.

The RFP pertains to the second of six planned tranches.

Contract terms for bidders in Tranche 2 will run between 20-25 years, except for virtual power plants, which will have terms of 10-25 years.

Excerpt from SUN DAY Campaign‘s April 22nd, 2022 issue.

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