HomeMy WebLinkAboutAEA - Gov Energy Meeting_Oct_2011Construction
$124.9
Final Design
$15.4
Geothermal
$8.7
Other $22.7
Reconn &
Feasibility $31.4
Energy Meeting
Renewable Energy Fund Update
October 21, 2011
Current Status
Renewable Energy Fund Status - Rounds I – V Grant and Funding Summary
Round I Round II Round III Round IV Round V Total
Applications Received 112 118 123 108 98 559
Projects Funded 781 30 25 74 tbd 207
Grants in Place 776 297 2011 39 0 165
Grants Cancelled 42 13 210 0 0 7
Amount Requested ($M) $453.8 $293.4 $223.5 $123.1 $130.6 $1,224.4
AEA Recommended ($M) $100.0 $36.8 $65.8 $36.6 tbd $239.2
Appropriated ($M) $100.0 $25.0 $25.0 $26.6 tbd $176.6
Cash Disbursed ($M) $51.3 $14.2 $5.4 $0 $0 $70.9
Available for reallocation ($M) $04/9 $05/9 $.18/9 $0 $0 $.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), Nikiski Wind ($2,000,000), Manly Hot Springs
Geothermal ($187,124), Ruby Hydrokinetic (~$150,000) and Tok Wind Assessment (~$75,000) 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 I grant for same project.
8- Yerrick Creek Hydro ($4,000,000) and Neck Lake Hydro ($90,000).
9- Available funds used for Round IV.
10- Yerrick Creek Hydro construction and Neck Lake Hydro study.
11- Nushagak Electric project funded with Round I funds, grant amended to reflect this.
Funding Allocation by
Development Phase
Rounds 1-4
0
2
4
6
8
10
12
2009
(Actual)
2010
(Actual)
2011 2012 2013 2014 2015
Million
Gallons
Diesel
Equivalent
per year
Wind
Solar
Ocean/River
Hydro
Heat Recovery
Geothermal
Biomass
-
20
40
60
80
100
120
140
$ Million
Reconn / Feasibility
Design
Construction
4 10
22
45
54 55
9
0
10
20
30
40
50
60
# Projects
(cumulative)
Year
Outlook
Construction Project
Actual and Scheduled
Completion
Rounds 1-4
Construction Project Status
See next page
Projected Cumulative
Annual Fuel Savings
Rounds 1-4 Construction
Scheduled Project Financing:
RE Fund = $98.9 million
Other State = $32.9 million
Fed/Local Match = $328.2 million
Projected Drawdown
Rounds 1-3
Prepared Jan 2011
Oct 7 total = $70.9 million
Project Phasing Examples
Round Project Reconnaissance Feasibility Final Design Construction
1 Tok Wood-fired Boiler Completed
before applied
Complete
($20.0)
Complete
($231.2)
Complete 10/10
($3,245.3)
1 Ambler Photovoltaic Completed
before applied
Complete
($20.6
Reallocate
$29.4)
NO-GO
(reallocate $500.0)
2
Akutan Hydro
Preconstruction
Completed
before applied
Complete
($65.7)
Scheduled 2/11
($96.3)
3 Construction Not scheduled
($1,391.0)
1
Eva Creek Wind
Final Design/Permitting
Completed
before applied
Complete
($1,463.2)
Scheduled 3/12
($1,300.0)
4 Construction Scheduled 3/13
($1,463.2)