HomeMy WebLinkAboutAEA - REFAC Meeting Update_Nov 2010Renewable Energy Fund
Advisory Committee Meeting
Program Update
November 9, 2010
Current Status
Round 1-4 Grant and Funding Summary
Round I Round II Round III Round IV Total
Applications Received 112 118 123 108 461
Projects Funded 781 307 25 TBD 133
Grants in Place 746 29 12 TBD 115
Grants Cancelled 32 13 0 N/A 4
Amount Requested ($M) $453.8 $293.4 $223.7 $123.1 $1,094
AEA Recommended ($M) $100.0 $36.8 $65.8 TBD $202.6
Appropriated ($M) $100.0 $25.0 $25.0 TBD $150.0
Cash Disbursed ($M) $34.8 $4.7 $0 $0 $39.5
Available for reallocation ($M) $1.14 $0.95 $0 $0 $2.0
1- Includes eleven projects from an earlier solicitation issued by AEA.
2- Nikolaevsk Wind Farm, Southfork Hydro, and Galena Wood Heating project.
3- Angoon Heat Recovery project - completed with other funds.
4- Balance of Southfork Hydro, Haines Central Wood, and Cordova Wood Processor projects.
5- Angoon grant balance + balance after grant amounts adjusted.
6- Four projects (Fish Hook Hydro, Reynolds Creek Hydro, St. George Wind and Bethel Wind) remain unexecuted. For
all four, the grantee is responsible for the delay in getting the grant executed.
7- Kenai Winds grant combined with Round I grant for same project.
Construction
$118.3 M
Final Design,
$13.3 M
Geothermal
Assessment
$6.0 M
Other $12.4
Reconn & Feas
$18.4 M
-
Outlook
Estimated Cumulative
Annual Fuel Savings
Round 1 and 3 Construction
Total Grant = $101.8 million
Does not include 8 projects
that are not yet scheduled
(Total grant =$14.8 million,
annual fuel savings = 3.1
million gallons/yr)