US Renewable Energy Tenders

The United States renewable energy market is expanding rapidly, with renewables accounting for over 25% of the country's total electricity generation in 2023. This figure is expected to reach 40% by 2030 and 80% by 2050, driven by government initiatives, declining costs of renewable energy technologies, and growing consumer demand for clean energy. The US possesses abundant renewable energy resources, particularly in solar, wind, and hydropower, making it well-positioned to achieve its ambitious renewable energy targets.

The US government is committed to promoting renewable energy development and has set a target of achieving 80% renewable energy consumption by 2050. The government actively supports the sector through various procurement measures, including:
The Energy Policy Act of 2005, which establishes a framework for promoting renewable energy
The Renewable Energy Production Tax Credit (PTC), which provides tax incentives for renewable energy projects
The Renewable Electricity Standard (RES), which requires utilities to procure a certain percentage of their electricity from renewable sources

The US government procures a diverse range of renewable energy products and services, including:
Solar photovoltaic (PV) panels: Solar PV is the primary source of renewable energy procurement for the US government, with over 100 gigawatts (GW) of installed capacity.
Wind energy: Wind power is gaining significant traction in the US, with over 120 GW of installed capacity and plans for further expansion.
Hydropower: Hydropower is a well-established source of renewable energy in the US, with over 100 GW of installed capacity.

The top authorities overseeing renewable energy procurement in the US are:
The Department of Energy (DOE)
The General Services Administration (GSA)
The Department of Defense (DOD)

Major companies that have secured significant renewable energy procurement contracts in the US include:
NextEra Energy: NextEra Energy is a leading US energy company with a diversified portfolio of renewable energy assets, including solar, wind, and hydropower.
SunPower: SunPower is a US solar energy company with a focus on high-efficiency solar panels.
Vistra Energy: Vistra Energy is a US energy company with a growing portfolio of renewable energy projects, including solar and wind.
American Electric Power (AEP): AEP is a US energy company with a diversified portfolio of renewable energy assets, including solar, wind, and hydropower.
Duke Energy: Duke Energy is a US energy company with a diversified portfolio of renewable energy assets, including solar, wind, and hydropower.

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