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HomeMy WebLinkAboutJuneau Energy MeetingConstruction $118.3 M Final Design, $13.3 M Geothermal Assessment $6.0 M Other $12.4 Reconn & Feas$18.4 M 5 23 40 46 2 13 16 18 15 29 32 10 10 20 30 40 50 60 70 80 90 100 2009 2010 2011 2012 NotScheduled # Projects Completed Year Reconn/Feas Final Design Construction Juneau Energy Meeting Renewable Energy Fund Update August 2, 2010 Current Status • Round 1-3 Grant and Funding Summary Round I Round II Round III Total Applications Received 112 118 123 353 Projects Funded 781 30 25 133 Grants in Place 68 26 In progress 94 Grants Cancelled 32 13 0 4 Amount Requested ($M) $453.8 $293.4 $223.7 $970.9 AEA Recommended ($M) $100.0 $36.8 $65.8 $202.6 Appropriated ($M) $100.0 $25.0 $25.0 $150.0 Expended ($M) $31.1 $1.1 $0 $32.2 Available for reallocation ($M) $1.14 $0.95 $0 $1.9 1- Includes eleven projects from an earlier solicitation issued by AEA 2- Nikolaevsk Wind Farm, Southfork Hydro, & Galena Wood Heating project 3- Angoon Heat Recovery project - funded with other funds 4- Balance of Southfork Hydro, Haines Central Wood, and Cordova Wood Processor 5- Angoon grant balance + balance after grant amounts adjusted. • Funding Allocation by Development Phase Rounds 1-3 Outlook • Scheduled Project Completion Rounds 1 and 2 - 1 2 3 4 5 6 7 8 2010 2011 2012 2013 Million Gallons Diesel/year (equiv)Wind Solar Ocean/River Hydro Heat Recovery Biomass Geothermal Year - 10 20 30 40 50 60 70 80 $ Million Reconn/Feas Final Design Construction • Construction Project Status See next page • Projected Cumulative Annual Fuel Savings Round 1 and 2 Construction Total Funding = $96 million in projects • Projected Cumulative Drawdown Rounds 1 and 2 Prepared Feb 2010 • Project Phasing Examples Round Project Reconnaissance Feasibility Final Design Construction 1 Tok Wood-fired Boiler Completed before applied Complete ($20.0) Complete ($231.2) Scheduled 10/10 ($2,994.1) 1 Ambler Photovoltaic Completed before applied Complete ($50.0) NO-GO (reallocate $500.0) 2 Akutan Hydro Preconstruction Completed before applied Complete ($65.7) Scheduled 2/11 ($96.3) 3 Construction Scheduled 10/11 ($1,391.0) 1 Whitman Lk Hydro Final Design/Permitting Completed before applied Scheduled 4/11 ($1,300.0) 3 Construction Scheduled 3/12 ($2,000.0—Vetoed) July 27 total = $32.2 million