HomeMy WebLinkAboutREFAC Meeting documents 6-6-2011= ALASKA @@al ~ ENERGY AUTHORITY Renewable Energy Fund Advisory Committee meeting - June 6, 2011
Renewable Energy Fund Update
(as of May 26, 2011)
Current Status
e Rounds I-IV Grant and Funding Summary
Round | Col ate AL ETT RIL Round IV Total
Applications Received 112 118 123 108 461
Projects Funded 78° 30 25 TBD 133
Grants in Place 76° 29’ 16 TBD 121
Grants Cancelled 4 Ay 0 N/A 5
Amount Requested ($M) $453.8 $293.4 $223.5 $123.1 $1,093.83
AEA Recommended ($M) $100.0 $36.8 $65.8 $36.6 $239.2
Appropriated ($M) $100.0 $25.0 $25.0 TBD $150.0
Cash Disbursed ($M) $46.4 $12.0 $1.4 $o $59.8
Available for reallocation ($M) $3.0° $1.0° Stas $o $4.1
1-_ Includes eleven projects from an earlier solicitation issued by AEA.
2- Nikolaevsk Wind Farm, Southfork Hydro, Galena Wood Heating project, and Fish Hook
Hydro. Some funds transferred to Takatz Lake project; these plus other reallocated
funds make Takatz Lake Hydro now fully funded ($2,000,000) per LB&A directive.
3- Angoon Heat Recovery project - completed with other funds.
4- Balance of Southfork Hydro, ($152,134), Haines Central Wood ($99,602), Cordova Wood
Processor ($10,960), Fish Hook Hydro ($2,000,000), Ambler Solar ($529,430), Delta
Junction Wind Assessment ($39,587) and Manly Hot Springs (~$175,000) projects.
5- Angoon grant balance ($545,934), Neck Lake Hydro balance ($85,525), and balance after
grant amounts adjusted ($386,986).
6- Two projects (Reynolds Creek Hydro and Bethel Wind) remain unexecuted. For both,
the grantee is responsible for the delay in getting the grant executed.
7- Kenai Winds grant combined with Round | grant for same project.
8- Neck Lake Hydro ($90,000).