S'abonner

FirstEnergy in Search of Purchase Agreements

FirstEnergy is issuing a request for proposal to enter into long-term solar power purchase agreements (PPAs).

Share:

FirstEnergy is issuing an RFP to enter into long-term solar power purchase agreements (PPAs).

A purchase agreement for up to 20MW

FirstEnergy announces that this application is on behalf of four utilities for FirstEnergy Pennsylvania. The four utilities are Pennsylvania Power Company, Pennsylvania Electric Company, Metropolitan Edison Company and West Penn Power Company. Utilities are seeking proposals to acquire up to 20MW of solar capacity.

Brattle Group, will lead the bidding process. FirstEnergy states that applications for qualification must occur by November 7, 2022. Bids must be submitted by December 5, 2022.

An agreement for a maximum of 10 years

Bidders to this RFP may offer to sell tranches of solar PV alternative energy credits. Based on the results, Pennsylvania utilities will therefore enter into one or more separate agreements with the successful vendors. Power purchase agreements will be for a period of more than four years and not more than ten years.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 power distribution companies form one of the largest investor-owned power systems in the country. The company has a presence in various U.S. states such asOhio, Pennsylvania, New Jersey, West Virginia and Maryland.

  • Populaires ​
SolaREIT deploys over $125mn to finance land for battery storage in the United States
Greece’s wind capacity surpasses 5.5 GW as growth rate doubles
Turkey plans to start gas supplies to Syria soon, says energy minister
Masdar and Iberdrola invest €5.2bn in UK offshore wind
Trump mobilises USD92bn in private investment for AI and electricity in the United States
Outages in Nouakchott expose weaknesses in Mauritania’s power grid
Nouakchott has endured lengthy power interruptions for several weeks, highlighting the financial and technical limits of the Mauritanian Electricity Company as Mauritania aims to widen access and green its mix by 2030.
Multilateral climate funds redirect energy finance towards emerging markets
Between 2015 and 2024, four multilateral climate funds committed nearly eight bn USD to clean energy, attracting private capital through concessional terms while Africa and Asia absorbed more than half of the volume.
Governments extend their stockpiles to cover 98 % of global oil
The Global Energy Policies Hub shows that strategic reserves, gas obligations, cybersecurity and critical-mineral policies are expanding rapidly, lifting oil coverage to 98 % of world imports.
Chinese trade-in programme cuts air-conditioning bills by $943mn
According to a report by Ember, the Chinese government’s appliance trade-in campaign could double residential air-conditioner efficiency gains in 2025 and trim up to USD943mn from household electricity spending this year.
Washington considers tariffs on solar-grade silicon and drones
Washington is examining sectoral taxes on polysilicon and drones, two supply chains dominated by China, after triggering Section 232 to measure industrial dependency risks.
Terna plans EUR3.5bn investment to modernise Sicily’s electricity grid by 2034
The 2025-2034 development plan presented by Terna includes strengthening Sicily’s grid, new interconnections, and major projects to support the region’s growing renewable energy capacity.
Terna and NPC Ukrenergo sign strategic agreement for European energy integration
Terna and NPC Ukrenergo have concluded a three-year partnership in Rome aimed at strengthening the integration of the Ukrainian grid into the pan-European system, with an in-depth exchange of technological and regulatory expertise.
GE Vernova modernises TransnetBW’s key cross-border power hub in Germany
GE Vernova has secured a major contract to modernise the Kühmoos substation in Germany, enhancing grid reliability and integration capacity for power flows between Germany, France and Switzerland.
Britain anticipates massive surge in electricity demand by 2050
The National Energy System Operator forecasts electricity demand to rise to 785 TWh by 2050, underlining the need to modernise grids and integrate more clean energy to support the UK’s energy transition.
Terna secures €1bn in guarantees with SACE and EIB for Adriatic Link project
Terna has signed a guarantee agreement with SACE and the European Investment Bank to finance the Adriatic Link project, totalling approximately €1bn ($1.08bn) and validated as a major transaction under Italian regulations.
India reforms oil contracts to attract more international investors
India unveils a series of reforms on oil and gas contracts, introducing a fiscal stability clause to enhance the sector’s attractiveness for foreign companies and boost its growth ambitions in upstream energy.
The European Union commits EUR2.3bn to accelerate Ukraine’s energy reconstruction
The European Commission is launching a special fund of EUR2.3bn ($2.5bn) to boost Ukraine’s reconstruction and attract private capital to the energy and infrastructure sectors.
Asia accounts for 71% of new renewable capacity, Africa remains marginalised
Asia dominated global new renewable energy capacity in 2024 with 71% of installations, while Africa recorded limited growth of only 7.2%, according to the latest annual report from IRENA.
Trump law reshapes US energy markets according to Wood Mackenzie
US President Donald Trump's One Big Beautiful Bill Act dramatically changes energy investment rules, imposing restrictions on renewables while favouring hydrocarbons, according to a recent report by consultancy firm Wood Mackenzie.
The French Senate adopts the Gremillet bill for energy transition
On July 8, 2025, the Senate validated the Gremillet bill, aimed at structuring France's energy transition with clear objectives for nuclear power, renewable energies, and energy renovation.
Latin America’s six largest economies accelerate transition to renewables
Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
Canada funds 13 Indigenous energy projects with $40mn investment
The Canadian government announces an investment of more than $40mn to fund 13 energy projects led by Indigenous communities across the country, aiming to improve energy efficiency and increase local renewable energy use.
Germany extends electricity price aid to 2,200 companies
The German Ministry of Economy plans to significantly expand aid aimed at reducing industrial electricity costs, increasing eligible companies from 350 to 2,200, at an estimated cost of €4bn ($4.7bn).
Czech Republic hit by massive power outage disrupting the economy
A major electricity blackout paralyzed large parts of the Czech Republic, interrupting transport and essential networks, raising immediate economic concerns, and highlighting the vulnerability of energy infrastructures to unforeseen technical incidents.
France anticipates significant slowdown in emission reductions starting in 2025
French greenhouse gas emissions are expected to rise by 0.2% in the first quarter of 2025, indicating a global slowdown in reductions forecast for the full year, according to Citepa, an independent organisation responsible for national monitoring.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING