Show Me the Money: DOE To Announce 100 Smart Grid Awards Today
Later today, the Department of Energy will announce the 100 smart grid projects that will receive smart grid stimulus finds. A complete list of the awards should be available later today; three have been announced early:
- Baltimore Gas and Electric: $200,000,000 from DOE and $251,000,000 from other sources
- Sempra Energy: $28,000,000 and $31,000,000 from other sources
- Cobb Electric Membership Corp. (Marietta, GA): $16,000,000 – no information on additional funding requirements
The DOE reported that the quality of the applications were extremely high. The ratio of applications to grants was 4:1 and the funding requested was 5 times the amount that was available.
Minnesota Renewable Energy Projects RFP
The State of Minnesota’s Office of Energy Security (OES) is requesting proposals from organizations that are engaged in or will engage in the manufacture of renewable energy systems or fuels, energy storage systems, geothermal energy systems for heating and cooling, components of these systems, or equipment for the manufacture of these systems or components.
The maximum award is $1 million. Up to a total of $2 million is available to all recipients. OES anticipates that two to six projects will be selected for awards under this solicitation.
All work to be performed within a proposed scope of work must be completed no later than June 30, 2011. An applicant must provide at least 40 percent of the total cost of the proposed scope of work. Applicant’s match may be cash or in-kind.
Each applicant must submit a notice of intent no later than December 4, 2009 to be eligible. Final proposals are due on December 18, 2009. OES anticipates provisional notification of successful applicants no later than January 29, 2010. Final selection will be contingent on determination by U.S. Department of Energy of compliance with the National Environmental Policy Act.
For more information and to download a copy of the RFP, please visit www.energy.mn.gov and click on Active Request for Proposal (RFP).
$13 Million Awarded from the Rural Energy for America Program
In an earlier blog, my colleagues, Debra Frimerman and Janet Jacobs reported about the Rural Energy for America Program (“REAP”), in general and specifically in regards to small wind projects. REAP is a Department of Agriculture (“USDA”) program that provides grants and loan guarantees to agricultural producers and rural small businesses to purchase renewable energy systems, make energy efficiency improvements and conduct feasibility studies for renewable energy systems. Eligible renewable energy systems include those that generate heat, electricity or fuels from wind, solar, biomass, geothermal, hydro power, and hydrogen based feed stocks.
The USDA has announced that it has awarded more than $13 million in REAP funds for 233 renewable energy projects in 38 states. Examples of the awards include a $1.8 million guaranteed loan and $500,000 grant for Milford Wind Energy, LLC; a $435,271 guaranteed loan and $435,271 grant for Unaka Forest Products, Inc.; and a $15,000 grant to Pacifica Marine, Inc.
For information on this and other USDA programs to finance renewable energy development, please refer to our earlier client alert regarding the Food Conservation and Energy Act (also known as the “2008 Farm Bill”) or visit the USDA’s 2008 Farm Bill website.
Show me the Money: Green Jobs Grants
Recently, the U.S. Department of Labor has issued $500 million for green job training. This money is being released through a series of competitive grants.
If you are an organization within Washington State, the Governor's Office requests that you submit a brief information form to the Governor's Evergreen Jobs Leadership Team. The Team is compiling a list of potential applicants which will be posted on a public website. The information on this list will be available for stakeholders to find grant partners and leverage resources.
A copy of the form is available here: http://www.wtb.wa.gov/documents/clearinghousegrantform.doc
Treasury Issues Guidance on Applications for Grants in Lieu of the ITC and the PTC
The American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in February, permits an applicant to receive a grant from Treasury in lieu of claiming investment tax credits (ITCs) or production tax credits (PTCs).
Today the U.S. Treasury Department issued much-anticipated guidance concerning applications to receive cash grants in lieu of claiming income tax credits for certain renewable energy projects. Although the guidance includes a sample application form, the U.S. Treasury has stated that it will not accept applications until August 1.
If you have questions about today's Treasury Department guidance and grants in lieu of ITCs or PTCs, contact:
Chris Heuer at ckheuer@stoel.com
Greg Jenner at gfjenner@stoel.com
Carl Lewis at cslewis@stoel.com
Kevin Pearson at ktpearson@stoel.com
Adam Kobos at ackobos@stoel.com
Washington's American Recovery and Reinvestment Act Comprehensive Application
On May 11, the Washington Department of Community, Trade, and Economic Development (“CTED”) filed an application with the United States Department of Energy to receive American Recovery and Reinvestment Act (“ARRA”) funds for Washington’s State Energy Program (“SEP”). The application contains funding for renewable energy, energy efficiency, and farm energy assessments. Once the SEP is approved, funding will commence through CTED with advice from the Clean Energy Leadership Council.
Energy Efficiency and Renewable Energy Loans and Grants Program
Washington’s SEP dedicates $38.5 million to a loan and grant fund for innovative renewable energy projects that use commercial or near commercial energy technologies. These funds may also be used for cost-effective energy efficiency projects. The goal of this program is to produce renewable energy or reduce energy consumption in a manner which leverages ARRA funds to create or retain as many jobs as possible. The first request for proposal (“RFP”) under this program should be issued in June 2009. CTED anticipates issuing up to 25 loans and 15 grants.
Community-Wide Urban Residential and Commercial Energy Efficiency Program
Washington’s SEP dedicates $14.5 million for the development and deployment of at least three large neighborhood based building energy efficiency projects. This will further the state’s policy goal of annually weatherizing twenty thousand homes and business over the next five years. The Washington State University Extension Energy Program will coordinate and collaborate with CTED on the design, administration, and implementation of the projects.
Energy Efficiency Credit Enhancement
Washington’s SEP provides $5 million toward credit enhancement mechanisms to generate high levels of leverage for energy efficiency projects that go beyond direct loans. CTED will create risk reduction mechanisms that allow financial institutions to lend to a broader pool of applicants with lower rates and longer loan terms. The risk reduction mechanisms include loan guarantees, loan loss reserves, credit enhancements, and leverage revolving loan funds.
The Farm Energy Assessments Program
Washington’s SEP directs $500,000 to increase on-farm energy efficiency. These funds will be used to create tools for farm energy analysis, and to train staff in the use of such tools. Afterwards, farmers will be provided with a tool to analyze current farm practices and proposed changes.
Clean Energy Leadership
Washington’s SEP will be carried with advice from the Clean Energy Leadership Council. The Clean Energy Leadership Council will consist of representatives from Washington’s major clean energy companies, supporting organizations, and the state’s legislature. The council will be co-chaired by the director of CTED. The Council will develop strategic recommendations to develop clean energy industries within Washington, review energy investments, and recommend potential clean energy programs and projects for possible federal funding through the SEP.
$18 Million of Value-Added Producer Grants Available
USDA Rural Business-Cooperative Service is accepting applications for $18 million in Value-Added Producer Grants. Funds are available for value-added agricultural projects, including farm-based renewable energy projects, for either planning or working capital purposes. Examples of eligible projects include developing ethanol and biodiesel plants, pelletizing biomass and installing anaerobic digesters.
The maximum grant award is $100,000 for a planning grant and $300,000 for a working capital grant. Applicants must provide matching funds of at least 100% of the grant award. Eligible applicants include (1) independent agricultural producers, (2) eligible agricultural producer groups, (3) farmer-owned or rancher-owned cooperatives and (4) majority controlled producer-based businesses.
Check out our client alert on this opportunity for more information.
$150 Million to Fund ARPA-E Transformation Energy R&D Projects
On April 27, 2009, the first Funding Opportunity Announcement (FOA) under the Advanced Research Projects Agency-Energy (ARPA-E) was announced offering up to $150 million to fund transformation energy research and development projects. These funds are part of the $400 million appropriated to ARPA-E under the American Reinvestment and Recovery Act. Individual awards of $500,000 to $20 million are available to eligible projects. This FOA is aimed at projects that have a well-formed R&D plan that can make a significant contribution towards enhancing the economic and energy security of the United States by reducing imported energy, reducing energy-related gases, including GHG, and improving energy efficiency.
To be eligible, an interested applicant must submit a concept paper to ARPA-E that briefly outlines the technical concept for its project between May 12 and June 2. Early submission is strongly encouraged. Successful applicants will then be asked to submit full applications. More information on this FOA is available at www.grants.gov.
