HomeMy WebLinkAbout2025proj65132Alaska Energy Authority - Round 16 Renewable Energy
Project Grants (AS 42.45.045)
FY2025 Request:
Reference No:
$10,521,836
AMD 65132
AP/AL: Appropriation Project Type: Energy
Category: Development Recipient: NA
Location: Statewide House District: Statewide (HD 1 - 40)
Impact House District: Statewide (HD 1 - 40)Contact: Curtis W. Thayer
Estimated Project Dates: 07/01/2024 - 06/30/2029 Contact Phone: (907)771-3000
Brief Summary and Statement of Need:
Preserve general funds for savings and fiscal stability. Retain $10,521.8.
Funding:FY2025 FY2026 FY2027 FY2028 FY2029 FY2030 Total
1004 Gen
Fund
$6,521,836 $6,521,836
1210 Ren
Energy
$4,000,000 $4,000,000
Total:$10,521,836 $0 $0 $0 $0 $0 $10,521,836
State Match Required One-Time Project Phased - new Phased - underway Ongoing
0% = Minimum State Match % Required Amendment Mental Health Bill
Operating & Maintenance Costs:Amount Staff
Project Development: 0 0
Ongoing Operating: 0 0
One-Time Startup:0
Totals: 0 0
Prior Funding History / Additional Information:
From 2008 to 2023 appropriations totaling approximately $317 million were issued, providing financial
assistance to 289 Renewable Energy Fund (REF) projects across multiple project phases and regions
of the state. This funding has been matched by over $300 million in funding from local sources to
develop projects designed to promote the integration of renewable energy resources within the
statewide energy portfolio, and stabilize the cost of energy in Alaska. The REF also provides critical
preliminary phase(s) funding for those projects in those early stages where conventional financing
may be difficult to obtain.
State of Alaska Capital Project Summary Department of Commerce, Community, and Economic Development
FY2025 Final Enacted SB187 Reference No: AMD 65132
Page 1 Released June 28, 2024