PGE receives bids for 39 renewable energy projects

A large wind farm could be a part of Portland General Electric's renewable energy portfolio.

A large wind farm could be a part of Portland General Electric's renewable energy portfolio. 

Portland General Electric Co. on Monday said its solicitation for new renewable energy sources yielded bids for 39 separate projects, including one of their own, that combined could produce nearly 4,500 megawatts of electricity.

The Portland-based electric utility (NYSE: POR) announced last month that it's looking for around just 100 megawatts of new renewable power resources — enough to serve more than 83,000 typical residential customers — to help comply with Oregon's renewable energy standard.

The company received 64 bids by the Nov. 13 deadline representing 39 projects. The number of bids is greater because some developers issued multiple, but varying bids for the same project. A wind farm developer, for example, may submit one bid to sell the entire wind farm and another to sell just a portion.

A majority of the bids are based on wind power, though other technologies, including biomass, biogas, hydro, and solar power, are also involved, PGE said.

The company declined to provide any further details of the bids, citing a nondisclosure agreement covering the bid process. Steve Corson, a spokesman for the utility, said PGE's own project is being treated the same as other bids.

In 2009, when filing its long-term energy plan with state regulators, PGE said that at some point it planned to submit a benchmark renewable energy proposal, describing it as a wind energy project in the range of 330 to 385 megawatts in generating capacity. At the time it said would be located in "one or more of Sherman, Jefferson, or Umatilla counties."

The utility confirmed plans for a major project in subsequent filings but has offered no additional details on its location or size.

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