MTC - Clean Energy Pre-Development Financing Initiative (Grants)

June 18, 2009

Summary

Applications were due October 15, 2008. It is not clear is this program will be available in 2009, check the program website directly for updates. The Clean Energy Pre-Development Financing Initiative offers grants and loans to support the development of grid-connected renewable energy systems in New England. Eligible technologies or resources include wind energy; naturally flowing water and hydroelectric power; landfill gas; anaerobic digestion; and low-emission, advanced power-conversion technologies using “eligible biomass fuel,” as provided for in 225 CMR 14.05(1)(a)6. This solicitation is not intended to support projects using waste-to-energy or ocean thermal, wave or tidal energy technologies. Grants for feasibility studies are available to public entities (federal-government entities, Massachusetts state-government entities, Massachusetts local-government entities and Massachusetts public authorities). The maximum grant amount is $50,000, and a minimum cost-share of 25% is required for all projects. Biomass and wind-energy projects must have a minimum capacity of three megawatts (MW), and hydroelectric, landfill gas and digester gas projects must have a minimum capacity of 250 kilowatts (kW). Projects must be designed to lead to the development of new renewable grid-connected generating capacity for the wholesale electricity market. Therefore, more than 50% of the renewable energy produced must be provided to the wholesale market. Systems may be located in any of the six New England states. However, if the system is designed to provide some power directly to an on-site end-user (not including parasitic loads), then the proposed facility must be located in Massachusetts. Funding awards for feasibility studies may be used to:

• determine the applicable facility size and configuration;
• assess the renewable-energy resource;
• analyze potential environmental impacts;
• identify regulatory requirements and the timeframes for complying with such requirements;
• evaluate potential development financing arrangements; and
• conduct cost analyses or development of preliminary pro-forma financials.

Applications are accepted on a rolling basis. The solicitation will remain open until all funds are fully allocated. See the solicitation for more details.