Appalachian Power Company

Buyer is seeking proposals for Renewable Energy Certificates (RECs) that qualify under Virginia's Renewable Portfolio Standard. Buyer requires RECs from eligible renewable resources including solar, wind, certain hydroelectric, and specific biomass facilities located within the PJM region. Buyer will enter into REC Agreements for terms between 5-30 years beginning January 1, 2028. This RFP supports buyer's obligation under the Virginia Clean Economy Act to provide carbon-free generation with annual targets reaching 100% by 2050.

• 5/16/2025 - RFP Issued
• 7/15/2025 - Proposal Due Date
• 10/15/2025 - Final Project Selection
• 4/24/2026 - Contract Execution
• 1/1/2028 - Term Contract Begins

• Proposal must be for REC Agreement with RECs from Eligible Renewable Resources
• Term must be 5-30 years (alternate terms may be considered)
• Project must have documentation of energy off-take commitment
• Non-operational projects must demonstrate site control and completed impact studies
• Must address Environmental Justice requirements
• Financial capability to meet credit requirements

• Generate RECs from eligible renewable resources as defined by Virginia RPS
• Deliver RECs to APCo through PJM-GATS system by 15th of following month
• Provide Unit Contingent RECs from specified project(s)
• Secure energy off-taker for non-distributed generation assets
• Maintain PJM interconnection for eligible renewable resources
• Ensure project does not adversely impact Virginia Environmental Justice Act goals
• Demonstrate community relations and economic development efforts
• Provide fixed, non-escalated REC price for entire contract term
• Meet credit requirements stated in Form REC Agreement
• Supply RECs from projects operating within PJM region