HomeMy WebLinkAboutCurrentStatus UpdateRenewable Energy Fund
Advisory Committee Meeting
Program Update
January 7, 2011
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 13 TBD 116
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) $37.8 $6.6 $0 $0 $44.4
Available for reallocation ($M) $2.94 $1.05 $.18 $0 $4.0
1- Includes eleven projects from an earlier solicitation issued by AEA.
2- Nikolaevsk Wind Farm, Southfork Hydro, and Galena Wood Heating project. Funds transferred to Takatz
Lake project; these plus other funds make Takatz Lake Hydro project 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) and Manley Hot Springs ($193,625)
projects.
5- Angoon grant balance ($545,934), Neck Lake Hydro balance (~$75,000) and ($386,986) 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.
8- Neck Lake Hydro ($90,000)