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Renewable Energy Fund Advisory Committee meeting - June 6, 2011
Renewable Energy Fund Update
(as of May 26, 2011)
Current Status
• Rounds I – IV Grant and Funding Summary
Round I Round II Round III Round IV Total
Applications Received 112 118 123 108 461
Projects Funded 781 30 25 TBD 133
Grants in Place 766 297 16 TBD 121
Grants Cancelled 42 13 0 N/A 5
Amount Requested ($M) $453.8 $293.4 $223.5 $123.1 $1,093.8
AEA Recommended ($M) $100.0 $36.8 $65.8 $36.6 $239.2
Appropriated ($M) $100.0 $25.0 $25.0 TBD $150.0
Cash Disbursed ($M) $46.4 $12.0 $1.4 $0 $59.8
Available for reallocation ($M) $3.04 $1.05 $.18 $0 $4.1
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) and Manly Hot Springs (~$175,000) 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- Neck Lake Hydro ($90,000).