What Is the National Renewables Cooperative Organization?
In the tradition of cooperatives working together, cooperatives across the country have formed the National Renewables Cooperative Organization (NRCO) to facilitate the development and deployment of renewable energy resources.
Membership in the NRCO is open to generation and transmission coopera-tives (G&T’s) and distribution cooperatives who have the legal ability to buy power in the wholesale market.
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August 12, 2015
DULLES, Va. – The National Rural Utilities Cooperative Finance Corporation (CFC) and the National Renewables Cooperative Organization (NRCO) recently executed a letter of intent with an investor making tax equity available to support more than $100 million in electric cooperative solar projects. Qualifying projects would include utility-scale, cooperative-sponsored and cooperative-owned solar projects ranging in size from 1 MW to 50 MW.
July 23, 2015
Carmel, IN - Old Dominion Electric Cooperative (ODEC) has issued a Request for Proposals (RFP) to acquire solar based power within the three state region of Virginia, Maryland and Delaware.
The RFP, administered by National Renewables Cooperative Organization (NRCO) seeks bids for projects ranging in size from one to 10 MW (megawatts). ODEC will consider offers to buy the output from new or existing solar facilities under long-term contracts or the purchase and ownership of new or existing solar facilities themselves. ODEC would prefer proposals that will be available prior to the end of 2016, but consideration will be given to offers for projects available after that date as well.
“Adding solar to our portfolio will allow us to continue to fulfill our mission of maintaining a diversified mix so that we can continue to provide a constant flow of affordable, reliable electricity to our member cooperatives,” said Jack Reasor, ODEC’s president & CEO. “Ideally, we would prefer project locations and points of delivery to be within the service territories of our member-owners,” added Reasor.
The RFP schedule calls for bids to be submitted by August 14, 2015. Bidders will be responsible for satisfying the interconnection requirements of PJM, the relevant transmission owner, and the distribution system provider as applicable. ODEC plans on evaluating the bids and determining a short list of offers to begin contract negotiations by mid-September.
For more information on the competitive bidding process and to view the RFP in its entirety, please contact John Bott, Senior Renewables Developer with NRCO at email@example.com, or 317-344-7906.
Headquartered in Glen Allen, Virginia, ODEC is a not-for-profit, member-owned, power supply cooperative. It supplies the wholesale power requirements of its 11 member electric distribution cooperatives, which provide reliable, affordable electricity to 1.4 million people in 70 counties in Maryland, Virginia and Delaware. Learn more at www.odec.com
Headquartered in Carmel, Indiana, NRCO works on behalf of its 25 member-owner cooperatives to facilitate the transaction for and acquisition of renewable generation assets. NRCO facilitates the procurement of renewable resources to assist NRCO Members in meeting their renewable energy needs and to diversify their energy resource portfolio.