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Alaska Continues to Lead the Way on Renewable Energy Development

Alaska Energy Authority Solicits for Round 9 of Renewable Energy Grant Fund


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Anchorage—The Alaska Energy Authority is soliciting applications for Round 9 of the Renewable Energy Grant Fund and reminds potential applicants that the deadline is Sept. 15, 2015.

Through the Renewable Energy Grant Fund, Alaska has invested $259 million of dollars in renewable projects across the state. Last year, these projects displaced 15 million gallons of diesel or natural gas equivalent, primarily in rural Alaska, by the end of 2015 this number is projected to reach 20 million gallons.

“Alaska continues to be a leader in developing renewable energy sources,” said Sara Fisher-Goad AEA executive director.

“High costs of energy continue to impact Alaskans and renewable energy projects help reduce dependency on fossil fuels and provide local, stable sources of energy.”

Renewable Energy Grant Fund projects have included hydroelectric, wind, biomass, heat recovery, transmission, geothermal, heat pumps, solar, and ocean and river technologies. Projects are funded by stage, including reconnaissance, feasibility, design and/or construction.

The Renewable Energy Grant Fund was established by the Alaska State Legislature in 2008 and is administered by AEA.  Applications undergo a thorough technical and economic review by AEA staff, economists, and the Renewable Energy Fund Advisory Committee, which is comprised of legislators, utility representatives and other public members. The projects are evaluated and recommended for legislative funding.

In an effort to stretch potential grant funds further, Round 9 applicants are asked to provide additional information about available financing options. Additional information, including the application form, checklists and evaluation models, is available on line at AkEnergyAuthority.org (Programs/Renewable Energy Fund/Round 9.)

 

The Alaska Energy Authority a public corporation of the state with a mission to reduce the cost of energy in Alaska. This mission is achieved by investing in Alaska’s infrastructure; diversifying Alaska’s energy portfolio; energy planning and policy; and training and technical assistance.  Akenergyauthority.org.

 

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