Press Releases
10/31/2019
Iberdrola Renewables Announces Reverse RFP for 593 MW of Wind Farm Renewable Energy Proposals
Iberdrola Renewables Announces Reverse RFP for 593 MW of Wind Farm Renewable Energy Proposals
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May 28, 2008
PORTLAND, Ore. -- Iberdrola Renewables is issuing a Reverse RFP today, May 28, 2008, for the output associated with three wind farms being developed by Iberdrola Renewables in Illinois, Missouri, and North Dakota. Non-binding bids are due by 5:00 p.m. CST on Thursday, June 26, 2008. All parties selected for further negotiations for power purchase agreements will be contacted to further negotiate contract specifics in early July, 2008.
Iberdrola Renewables is accepting bids for the purchase of energy and/or Renewable Energy Credits (RECs) and capacity, as applicable for the following three projects:
- Farmers City Wind, anticipated to be 144 MW and located in Missouri;
- Streator Cayuga Ridge South, anticipated to be 300 MW and located in PJM in northern Illinois; and
- Rugby Wind, anticipated to be 149 MW and located in MISO in North Dakota.
Iberdrola Renewables reserves the right under this Reverse RFP to select or reject any or all proposals received through the process, contingent upon the extension of the federal renewable energy production tax credit (PTC), and receipt of bids that meet the organization's credit, and financial return requirements.
Iberdrola Renewables is the world leader in wind power with 8,164 MW of installed capacity on March 31, 2008. Iberdrola Renewables will invest $8 billion in the U.S. between 2008 and 2010. The company plans to install 2,000 MW a year - half of that in the US -- to reach 13,600 MW worldwide by 2010. To date, the company has installed nearly 500 MW of wind capacity in the Mid-Continent and more is under construction now.
Parties interested in bidding for renewable energy output should contact Kevin Helmich or Jessica Johnson by email at ReverseRFP@avangrid.com, for further information and instructions for receiving the Reverse RFP documents.
Contact: Art Sasse, Director, Communications & Brand, Iberdrola Renewables, 503-796-7740
Paul Copleman, Media Relations, Iberdrola Renewables, 207-641-2805
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
