North American Electric Utilities Still Seeking Renewable Energy

April 29, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The rush to renewables remains alive and well: This spring, North American utilities have issued requests for proposals (RFPs) for thousands of megawatts of renewable generation and energy storage, typically to fulfill decarbonizing integrated resource plans (IRPs) filed with their state utility regulators.

In the U.S., Tucson Electric Power (TEP) (Tucson, Arizona), a unit of Fortis Incorporated (NYSE:FTS), issued an all-source RFP for up to 250 megawatts (MW) of renewable and energy-efficient resources, while Pacific Gas and Electric Company (PG&E) (San Francisco, California), a unit of PG&E Corporation (NYSE:PCG) (San Francisco) released an all-source RFP seeking up to 176 MW of community solar generation.

Quebec's provincial utility Hydro-Québec issued two RFPs for renewable energy totaling 2,300 MW, the largest solicitation in the utility's history.

Other North American utilities seeking substantial increases in renewable energy sources include Duke Energy (NYSE:DUK), and NV Energy, a unit of Berkshire Hathaway (NYSE:BRK.A)