SRP Issues All-source RFP for New Power Generation Resources
SRP is Seeking up to 400 MW by Summer 2024 and up to 1,000 MW by Summer 2026
SRP continues to experience significant increases in customer electricity demand as Phoenix and Maricopa County lead the nation in population growth and economic development. To meet customers’ growing needs, SRP has issued a Request for Proposal (RFP) for additional power generation resources of all types to meet summer peak capacity needs. SRP is seeking competitive proposals for up to 400 megawatts (MW) of peak generating capacity by summer 2024, and another 600MW by summer 2026, for a total up to 1,000MW by summer of 2026.
Resources selected through this all-source RFP process will also support SRP’s 2035 Sustainability Goals and SRP’s goal to add 2,025MW of new utility-scale solar by 2025. The requested generation is needed in addition to SRP’s recently announced contracts for new renewable resources and plans to expand its Coolidge Generating Station.
“We continue to plan for major economic growth in Arizona and meeting increasing community energy needs with a diverse portfolio of reliable, sustainable and affordable power generation resources,” said Grant Smedley, Director of Resource Planning, Acquisition and Development at SRP.
SRP will consider all technologies and currently serves customer energy needs from generation produced with a diverse fuel mix including nuclear, coal, hydroelectric, natural gas, battery storage and renewable resources including solar, wind, biomass, and geothermal. This summer SRP announced agreements for four new utility-scale solar plants, as well as the commissioning of Arizona’s largest standalone battery storage system which began operating on SRP’s system this September.
SRP has a long history of stewardship associated with the water and power resources it provides to the Valley and a strong commitment to the environment. As part of this commitment, SRP plans to reduce its carbon dioxide emissions intensity by 65 percent by 2035 and by 90 percent by 2050 compared to 2005 levels. More detail and documented progress on SRP’s renewable energy goals can be found by reviewing SRP’s 2035 Sustainability Goals.
Respondents to the all-source RFP can view the details and register here: srp.net/all-source-rfp. Registration enables access to all RFP-related documents. As outlined, SRP will offer a web conference for respondents on November 16, 2021 and is requesting bid proposals by January 11, 2022. SRP anticipates short list selection in April 2022. Inquiries and questions related to the all-source RFP may be sent to AllSourceRFP@srpnet.com.
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SRP is a community-based, not-for-profit public power utility and the largest provider of electricity in the greater Phoenix metropolitan area, serving more than 1 million customers. SRP is also the metropolitan area’s largest supplier of water, delivering about 750,000 acre-feet annually to municipal, urban and agricultural water users.