First Energy Seeking Solar Energy Loans in Pennsylvania
FirstEnergy Corp., an Ohio-based electricity company, said it has issued a request for proposal (RFP) to purchase 137,000 solar photovoltaic (PV) alternative energy loans (SPAEC) annually over a two-year period on behalf of three FirstEnergy organizations in Pennsylvania. – Pennsylvania Power Co. (Penn Power), Pennsylvania Electric Co. (Penelec) and Metropolitan Edison Co. (Met-Ed).
The RFP process will be led by The Brattle Group and will take place in January and February, with eligible applications to be submitted by February 9 and proposals by March 3. Bidders in this RFP can offer to sell SPAEC tranches in each tranche. represents a commitment to sell 500 SPAEC per year over a two-year period with deliveries starting this year. According to RFP results, FirstEnergy’s Pennsylvania facilities will enter into separate agreements with the winning suppliers to purchase the required quantities of SPAECs.