Rural Renewable Resources

CFC and NRCO Secure Tax Equity to Support More than $100 Million in Electric Co-op Solar Projects

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.

ODEC Seeks to Acquire Solar Generation

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 proposals@nrco.coop, or 317-344-7906.                                                                           

About ODEC: 

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 

About NRCO: 

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.

 

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NRCO Celebrates First Year of Community Solar Program

The National Rural Utilities Cooperative Finance Corporation (CFC), Federated Rural Electric Insurance Exchange (Federated) and the National Renewables Cooperative Organization (NRCO) are celebrating the first anniversary of their landmark Solar Cooperative Community Projects (sCOOP) program, which offers electric cooperatives access to cost-effective and locally-generated solar electric resources to their members.

NRCO/SMECO Solar RFP Winner Announced

NRCO announced one of its members, Southern Maryland Electric Cooperative (SMECO), has entered into a Purchase Power Agreement with juwi solar Inc. (JSI) to develop a 10.0 MW AC solar facility in southern Maryland.

NRCO Welcomes New Class A Member: Great River Energy

The National Renewables Cooperative Organization (NRCO) is pleased to announce the addition of Great River Energy to its membership.  Great River Energy is the 24th member of NRCO.

NRCO LAUNCHES sCOOP Solar Cooperative Community Projects

Carmel, IN – The National Renewables Cooperative Organization (NRCO) announced the creation of a uniquely exciting new program for cooperatives interested in offering locally-generated solar electric resources to their members.  There is growing interest among electric cooperatives in sponsoring the construction of small scale solar photovoltaic (PV) generation resources and allowing cooperative members to purchase the output of the solar arrays on a fractional basis.  sCOOP: Solar Cooperative Community Projects was designed to meet that need.

NRCO Helps AECC Add More Wind

NRCO announced that one of its members, Arkansas Electric Cooperative Corporations (AECC), will buy energy from the Origin Wind Energy project in southeast Oklahoma.  AECC has reached a long-term agreement to purchase 150 megawatts of wind energy from RES America Developments Inc., a subsidiary of Renewable Energy Systems Americas Inc. (RES Americas).

NRCO Releases 2nd Solar RFP

The National Renewables Cooperative Organization (NRCO) announced today that it is requesting proposals for solar electricity generation on behalf of one of its members, Southern Maryland Electric Cooperative (SMECO).  NRCO is seeking solar renewable energy deliveries of up to 16,000 MWh per year, or 2-10 MWs AC of solar capacity.

NRCO Helps 7th Member Co-op Add Wind

Recently, Arkansas Electric Cooperative corporation became the 7th Member to participate in NRCO’s wind subscription process.

ENERGY FACTS

Generation from wind in the United States increased from about 6 billion kilowatthours in 2000 to about 120 billion kilowatthours in 2011.

Wind

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