For Bidders who’s individual IPP projects fail to meet the 100 MW capacity benchmark stipulated in the RFP, it will be acceptable if the total MW of the IPP projects that the Bidder has implemented and are in commercial operation is greater than 500 MW in the aggregate.
Bidders can propose newer technology platforms with greater than 4.5 MW nameplate capacity. The reference in the RFP to newer technology is exactly for this purpose; to allow Bidders to propose next generation wind turbine generators that increase the capacity factor, further improve power plant productivity, performance and reliability, as well as lower the cost of energy.
Projects in commercial operation that are below 75MW can be listed as a reference in demonstration of Bidder’s IPP build, own and operate experience as long as the total MW of IPP projects that Bidder has implemented and are in commercial operation is greater than 500 MW in the aggregate.
Terra Global recognizes that a 3rd party certified wind resource assessment would require a significant cost to be incurred by Bidders and may delay their response to the RFP. Therefore, to avoid this added cost and not to impede the RFP schedule, Terra Global will accept a wind resource assessment certified by Bidders’ in-house experts.
Bidders should assume a PPA of 20 years and a discount rate of 10% and propose the following alternative prices: (i) the starting price per kWh of electricity under the PPA and an annual escalation rate to be applied annually thereafter; and (ii) the levelized cost of energy under the PPA. The levelized price is to be calculated on an all cash investment basis to eliminate financing assumptions and ensure that all Bid responses are compared the same way.