Leveraging our Power business as a platform for future growth and diversification, TC Energy is seeking to identify and contract with and/or invest in renewable energy projects that could generate up to 3.2 million MWh/year of zero carbon energy comprising of up to 620 MW of wind, 300 MW of solar and 100 MW of battery storage capacity.
This initiative could generate more than 1,000 megawatts of zero carbon energy to meet the electricity needs for a portion of our U.S. pipeline assets. In April 2021, we issued a Request for Information (RFI) for wind energy projects, which closed in May. And on the heels of that announcement we issued an additional RFI (May 2021) to include solar and storage.
TC Energy SVP and President, Power, Storage and Commercial Marketing
As renewable electricity demand grows across North America, new solar, wind and energy storage capacity will be needed to meet that growing demand and facilitate a shift in the energy mix.
On the Q1 results earnings call (May 2021), François Poirier, TC Energy President and CEO, said our goal is to build on our long history of success and be agnostic to which form of energy will ultimately lead to a lower carbon energy future. “Whether it's renewables and the firming resources needed to manage their intermittency, electrifying our fleet or other emerging technologies, our existing asset base, technical capabilities, innovative approach and financial strength means that we are well positioned to prosper irrespective of the pace or direction energy transition takes.”
It is early days, but (on the wind RFI) we sent it out to more than 100 developers and potential participants and we've had more than a 50 per cent response – these are good numbers, Corey said.
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