Pennsylvania offers $10 million for energy projects
Harrisburg, PA— Pennsylvania
Environmental Protection Secretary Kathleen A. McGinty announced
that the newly revitalized Pennsylvania Energy Development Authority
(PEDA) has released new guidelines for $10 million in available
financial assistance to build clean energy projects in the Commonwealth.
“Pennsylvania is leading
the way in the development and deployment of new technology, offering
significant financial incentives to make energy manufacturing
a cornerstone of our economic future and ensuring that more electricity
generation comes from environmentally beneficial resources,”
Applicants may seek financial
assistance in the form of grants, loans or loan guarantees for
a variety of electric power projects including wind, solar, biomass,
waste coal and coal gasification, among others. Applied research
projects related to electric power also are eligible to apply.
Proposed projects will be evaluated
on a variety of criteria, including their ability to promote Pennsylvania’s
indigenous energy resources, encourage energy diversity and enhance
energy security. Projects will be judged on their potential to
create jobs and stimulate investment in the Commonwealth. Potential
environmental benefits, as well as technical feasibility and cost-
effectiveness, also will be considered.
PEDA was established in 1982
to promote applied energy research, provide financial incentives
for the deployment of clean, alternative energy projects and promote
investment in Pennsylvania’s energy sector. After a period
of inactivity, Governor Rendell revitalized PEDA as part of his
strategy to build a clean, indigenous, diversified energy industry
in the state.
Pennsylvania is now home to one
of the nation’s most progressive alternative energy portfolio
standards, ensuring that in 15 years, 18 percent of all of the
energy generated in the Commonwealth comes from clean, efficient
sources. Opportunities exist for low-cost, long-term partnerships
with existing manufacturers and industrial operations.
The Governor also is promoting
the development of a new manufacturing sector that focuses on
advanced and renewable energy systems, energy efficiency and conservation,
and clean advanced energy businesses, and encouraging companies
that are located elsewhere to consider establishing manufacturing,
sales, marketing and distribution centers in Pennsylvania.