Evergy Seeks to Add More Wind Energy

Rhea-AI Summary

Evergy (NYSE: EVRG) has launched a Request for Proposals (RFP) seeking up to 1,000 megawatts (MW) of wind energy projects by 2026. Projects achieving commercial operation by mid-2024 or year-end 2025 will be prioritized. The RFP is open until November 23, 2021, with a focus on projects of at least 50 MW that interconnect to the Southwest Power Pool. This initiative supports Evergy's strategy to expand renewable energy and move towards net zero carbon emissions by 2045, leveraging production tax credits.

Positive

• Request for Proposals (RFP) for up to 1,000 MW of wind energy to be in service by 2026.
• Preference for projects that will be operational by mid-2024 or year-end 2025.
• Alignment with Evergy's goal of achieving net zero carbon emissions by 2045.

Negative

• None.

Midwest projects of 50 MW or larger requested

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Evergy (NYSE: EVRG) today issued a Request for Proposals (RFP) for wind energy to supply the needs of its customers.

The RFP solicits bids for Evergy’s purchase of wind resources of up to 1,000 megawatts (MW) that will be in service by 2026. Projects that achieve commercial operation by mid-2024 and year-end 2025 will be given preference. Wind resources must be a minimum of 50 MW and interconnect to the Southwest Power Pool (SPP). Siting preference will be given to projects located in Kansas.

Proposals are due by Nov. 23, 2021. Response and contact information are available online at www.evergy.com/2021rfp. Proposals selected from the RFPs are subject to appropriate regulatory approvals.

Evergy has outlined its plan to expand ownership of renewable energy and to retire fossil-fueled generation as the company works toward its 2045 target for net zero carbon emissions. These wind projects would fulfill the plan to add up to 1,000 MW of wind energy by 2026 with projects that benefit from production tax credits.

About Evergy, Inc.

Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million customers in Kansas and Missouri. We were formed in 2018 when long-term local energy providers KCP&L and Westar Energy merged. We generate nearly half the power we provide to homes and businesses with emission-free sources. We support our local communities where we live and work, and strive to meet the needs of customers through energy savings and innovative solutions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005633/en/

Media Contact:

Gina Penzig

Manager, External Communications

Phone: 785-508-2410

Gina.Penzig@evergy.com

Media line: 888-613-0003

Investor Contact:

Cody VandeVelde

Director, Investor Relations

Phone: 785-575-8227

Cody.VandeVelde@evergy.com

Source: Evergy, Inc.

FAQ

What is the purpose of Evergy's RFP announced on October 18, 2021?

Evergy's RFP aims to solicit bids for up to 1,000 MW of wind energy projects to meet customer needs and support its renewable energy expansion.

What is the deadline for proposals in Evergy's RFP?

Proposals for Evergy's RFP are due by November 23, 2021.

What are the operational requirements for projects in Evergy's RFP?

Projects must achieve commercial operations by mid-2024 or year-end 2025 to receive preference.

How does Evergy's RFP align with its long-term sustainability goals?

The RFP supports Evergy's commitment to expand renewable energy and transition towards net zero carbon emissions by 2045.