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Utility giant Pacificorp to add new renewables and storage to its system by 2023

Utility giant Pacificorp to add new renewables and storage to its system by 2023
The Siliconreview
09 July, 2020

In a recent announcement, the utility giant Pacificorp stated that it would be adding new renewables and storage by 2023 to all its system. The firm has already released an integrated resource plan (IRP). It has outlined the utility plans to add a 2.8 GW of solar-based storage systems and utilities, the construction this will be done by 2023, and the firm is also planning to install an 11 GW solar and wind-based utility by 2038.

The firm has released the largest-ever request for proposals (RFP) in pursuit of the 2023 goal. The most striking feature about this project is that every single MW procured will be purchased by the utility. Pacificorp has specified that it will not be submitting any self-build resources competing for capacity. So this project will be the largest battle royale for utility and inclusion in America's renewable energy procurements ever.

All the projects that were proposed prior will be able to operate by December 31, 2014, commercially, and long-lead development like a solar panel and pumped-hydro storage time will be announced by the firm soon. The company's actual procurement of energy will be accepted with multiple bid structures, and it will specifically be highlighted with the power purchase agreements and build-transfer agreements.