Today: 19 May 2026
DTE Launches 1-GW Clean Power RFP, Michigan Developers Face Tight Timeline
18 May 2026
1 min read

DTE Launches 1-GW Clean Power RFP, Michigan Developers Face Tight Timeline

DETROIT, May 18, 2026, 17:05 EDT

DTE Energy (NYSE:DTE) is looking for 1,000 megawatts of new wind and solar power in Michigan, launching a solicitation for projects that would come online by the end of 2029. The Detroit-based utility said these plants will help carry out DTE Electric’s CleanVision Integrated Resource Plan.

Michigan’s energy law from 2023 sets a timeline that electric providers have to follow. The standard jumps to 50% renewables by 2030 and 60% by 2035. A second clean-energy rule will climb to 80% by 2035 and hit 100% by 2040, the Michigan Public Service Commission said.

DTE’s bid is part of a bigger plan to overhaul its generation mix. The utility’s current integrated resource plan, which has been reviewed by regulators, lays out retiring coal by 2032. The utility plans to add renewables and storage, targeting 5,400 MW from solar and wind and 780 MW of storage by 2032.

DTE Energy is opening up a new request for proposals for Michigan wind and solar. Proposals must connect to either Midcontinent Independent System Operator or DTE’s own distribution system. A virtual pre-RFP conference is planned for May 26, with bid submissions due by Aug. 13. DTE said it expects to finalize contracts in the first quarter of 2027.

DTE said it now generates enough wind and solar to power over 900,000 homes, and wants to take that to around 6 million by 2042, according to pv magazine USA on Monday.

DTE is moving ahead on storage as well as wind and solar. The utility last month launched a separate RFP for up to 480 MW of standalone storage in Michigan, with a start date in the first quarter of 2029. DTE is targeting 2,950 MW of storage by 2042.

Competition comes from nearby, with Consumers Energy starting up its 250-MW Muskegon Solar project in January. Sri Maddipati, Consumers’ president of electric supply, said the project proved the utility could build “reliable, cost-effective projects” for its customers. CMS Energy

DTE put the buildout down to reliability needs and its push for cleaner energy. “Providing safe, reliable and affordable energy to our customers is our highest priority,” DTE President and CEO Joi Harris said in the April earnings statement. Harris said the utility is working on “modernizing our infrastructure and expanding our clean energy resources.” PR Newswire

The 2029 target isn’t set in stone. Local resistance is still an issue. Last month, Ingersoll Township denied DTE’s special-use permit for its Poseyville Solar Park project. DTE said it is looking at what to do next. The report pointed out that Michigan’s Public Act 233 sometimes lets the state commission sign off on large renewable projects even if locals say no.

Stock Market Today

  • Lynas Rare Earths Valuation Under Spotlight as Demand for Rare Earths Grows
    May 18, 2026, 6:58 PM EDT. Lynas Rare Earths (ASX:LYC) saw its share price rise 5.46% to A$18.93 amid growing interest in rare earth elements critical for AI and advanced technologies. Despite recent volatility with a 30-day dip of 8.55%, the stock has delivered a 54.91% year-to-date and 149.74% one-year total return. The company's fair value is estimated at A$33.35 by Simply Wall St, suggesting the stock is materially undervalued based on expected revenue growth and strategic partnerships, including a key deal with U.S.-based Noveon Magnetics. However, the price-to-sales ratio of 26.6x, versus a peer average of 9.8x, indicates potential valuation risks if market sentiment dims or rare earth prices fall.

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