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Indiana Michigan Power (I&M), an affiliate of the US energy group American Electric Power (AEP), has issued a request for proposals (RFP) for 1,300MW of renewable projects. The RfP seeks about 800MW of wind power and 500MW of solar.
The solar projects must be within Indiana and/or Michigan, while the wind projects – which require availability of large amounts of land – can be in those states as well as Illinois or Ohio. Indiana Michigan Power said it expects some of the new renewable resources to be online by as early as the end of 2024 and the full 1.3GW to be operational as early as the end of 2025.
The company expects some of the new projects to be online by as early as the end of 2024 and the entire 1,300 MW portfolio to be online as early as the end of 2025.
Bids are due 21 April 2022, and I&M plans to have contracts with successful developers by the end of 2022. The selected projects will be submitted to state regulatory commissions in Indiana and Michigan for their review and approval.
The RfP is open and non-discriminatory, which provides bidders the opportunity to submit proposals that incorporate battery storage, emerging technologies and other resources to supplement the portfolio and provide for optimum performance and affordability.
The company said it prefers projects that will provide economic benefit to the states of Indiana and/or Michigan and encourages the use of local resources where feasible.
I&M has 2,278 MW of nuclear generation in Michigan, 450 MW of purchased wind generation from Indiana, more than 22 MW of hydro generation in both states, nearly 35 MW of large-scale solar generation in both states, and 2,620 MW of coal-fired generation in Indiana. AEP has more than 31 GW of capacity, including more than 6.1 GW of renewables. More than 80% of its energy delivered in 2021 was emission-free.