NV Energy seeks renewable energy portfolio credits

30 July 2010

Energy holding company NV Energy has requested offers for renewable energy portfolio credits from qualified renewable energy generators by September, without seeking the associated renewable power from the generation sources.

Through its solicitation, it has requested proposals for the sale of renewable energy credits and all other renewable energy benefits, which will be for a contractual time length of between five and 25 years.

It said that energy credit proposals will be considered for energy derived from solar, geothermal, biomass, wind and other resources eligible for portfolio energy credits under the Nevada Renewable Portfolio Standard.

The energy credits will require certification from the Public Utilities Commission of Nevada through the Nevada Tracks Renewable Energy Credits (NVTREC) programme, it added.

Eligible renewable resources must be either in operation or become operational by July 2013.

The minimum bid size is 450kW, but proposals can be comprised of multiple sites of no less than 150kW at each site, it added.

NV Energy currently has more than 1,200MW of geothermal, solar, biomass, waste-heat recovery and wind energy under contract or in the project development stage.

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Tags: energy efficiency

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