PGE to buy two wind farms

PGE to buy two wind farms

Portland General Electric signed conditional agreements with Iberdrola Renewables to purchase two wind farms.

Oregon utilities are required to put their resource purchases out to bid with independent suppliers, and typically submit a self-build proposal that is used as a benchmark for other bids.

PGE needs an additional 100 average megawatts of power from renewable sources to meet state mandates, which require utilities meet 15 percent of customer demand with renewables by 2015 and 25 percent by 2025. The utility issued a request for bids in October and announced the following month that it had received more than 60 bids. The Iberdrola deal will serve as its benchmark bid.

Read more at OregonLive.com.

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