Source: TVA | Stakeholder Update | July 12, 2022
In 2021, the Tennessee Valley Authority (TVA) announced an aspirational goal of achieving net-zero carbon emissions by 2050. As part of this initiative, TVA is issuing a request for proposal (RFP) today, for up to 5,000 MW of carbon-free and renewable energy projects with commercial operation dates ranging from 2023 through 2029.
This RFP will include a broader range of generation sources including (but not limited to) nuclear, green gas, solar, storage and wind located in the TVA service territory or delivered to TVA’s interface with neighboring transmission systems. Proposals are due in early September 2022 with selected projects announced in 2023. (Note: Dates subject to change.)
TVA is uniquely positioned to lead the industry in creating a clean, sustainable energy future. We are aggressively pursuing carbon-free energy resources that continue to prioritize cost, reliability and resiliency.
This RFP will allow us to better understand what’s currently available in the market, what may be on the horizon and how these resources can help meet our carbon goals for 2030 and beyond.
Clean energy is fueling growth across TVA’s seven-state service territory. Since 2018, TVA’s award-winning Green Invest program has generated over $3 billion in investment across its service region. TVA believes its renewable energy programs are one element that helped drive the agency’s record-setting economic development performance in the first six months of fiscal year 2022 – attracting or retaining more than 40,900 jobs and more than $7.3 billion in capital investment.
TVA is accelerating change across the industry to expand carbon-free technologies to decarbonize the grid while integrating emerging technologies through innovative solutions to meet customer-driven demand and build a future that leaves no one behind in the new clean energy economy.
TVA places a high priority on transparency. Learn more about TVA’s decarbonization journey, diversity and inclusion efforts, strategic planning, financial health, new nuclear program and more at tva.com/reports.