The next step is to form a procurement group. In addition to identifying partners, reassessing participant needs, and formalizing the group and its governance structure, it is important for potential partners to also establish trust and strong working relationships with each other in this step. This will, collectively, lay the groundwork for a smoother transaction process in the subsequent stages.
PROCUREMENT GUIDANCE MENU
Large-Scale Renewables Aggregation Guidance
Form a Procurement Group
Estimated Time to Complete
3 – 9 months
1.
Identify partners
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Identify partners
3.
Establish a governance structure
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Establish a governance structure
5.
Select a consultant (optional)
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Select a consultant (optional)
2.
Assess interest and compare needs
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Assess interest and compare needs
4.
Formalize the partnership
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Formalize the partnership
1.
Identify partners
Learn More
Identify partners
2.
Assess interest and compare needs
Learn More
Assess interest and compare needs
3.
Establish a governance structure
Learn More
Establish a governance structure
4.
Formalize the partnership
Learn More
Formalize the partnership
5.
Select a consultant (optional)
Learn More
Select a consultant (optional)
The video below introduces key considerations on forming a procurement group.