Canada’s TC Energy seeks wind to power US pipes
Canadian energy infrastructure company TC Energy said April 12 it had issued a non-binding request for information (RFI) seeking potential opportunities to develop projects that could generate up to 2.5mn MWh/year of zero-carbon energy to meet the electricity needs for some of its pipelines in the US.
The RFI process, which will be managed by Marathon Capital, does not commit TC Energy to any further actions if the indicative terms of any proposals are unsatisfactory.
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Corey Hessen, TC Energy’s senior vice-president and president of its power and storage division, said the RFI is an important step in advancing the company’s plans to leverage its power business as a platform for future growth and diversification.
“We are exploring opportunities to electrify and use renewable energy to power certain TC Energy proprietary energy loads,” Hessen said. “Ultimately, our goal is to leverage our existing asset base to add more renewable generation into our portfolio and the broader market, resulting in a net reduction of emissions across our North American footprint.”
TC Energy is also evaluating options to invest directly, where possible, in renewable energy projects, Hessen added.
The RFI, which is open until May 10, has been issued to about 100 renewable energy developers to identify suitable wind energy opportunities across the Southwest Power Pool, Midwest Independent System Operator and Electric Reliability Council of Texas power regions. Respondents to the RFI will be short-listed and invited to move to a request for proposal (RFP) stage, at which time TC Energy will conduct due diligence of each of the RFP submissions.