PECO Launches New Solar RFP to Support Cleaner Energy Across Pennsylvania

PECO has launched new competitive Request for Proposal (RFP) to procure long-term renewable energy, capacity, and associated solar photovoltaic alternative energy credits (SPAECs) from new solar projects in Pennsylvania. The RFP, approved by the Pennsylvania Public Utility Commission (PUC), is designed to support the continued expansion of solar power generation across the state.

Supporting the deployment of solar energy in the region is a top priority for PECO as the company works toward a cleaner and brighter future for its customers and communities. Through this RFP, PECO intends to enter into fixed-price power purchase agreements (PPAs) for up to 25 megawatts (MW DC) in aggregate of solar generation for a term of 10 years. To qualify, projects should have an anticipated in-service date on or before May 31, 2029.

The company is accepting proposals for a share percentage of projects that are larger than 25 MW – the minimum size of each solar project is 5 MW. All projects must be connected to the PJM Interconnection grid, and capable of selling energy and capacity into PJM markets. In addition, projects must qualify as Tier I solar Alternative Energy Systems under Pennsylvania’s Alternative Energy Portfolio Standards (AEPS) Act.

To help potential bidders understand the process, PECO and the independent evaluator, NERA Economic Consulting, will host a live Bidder Information Webcast on Wednesday, June 11, at 1 p.m. The webcast will provide a comprehensive overview of the RFP structure, project eligibility requirements, credit and contract terms, and instructions for submitting a proposal. All prospective participants are strongly encouraged to attend and should RSVP here.

Solar is an integral part of PECO’s Path to Clean, which includes a goal for PECO and the collective Exelon utilities to reduce operations-driven emissions by 50 percent by 2030 and achieve net-zero emissions by 2050. PECO is actively working with communities across the region to expand solar adoption, providing new and innovative ways to help customers embrace cleaner energy and reduce their environmental footprint.   

PECO | peco-solarrfp.com