PEDA seeks applications for clean energy projects
Deadline to apply for funding is November 15, 2005
Harrisburg, PA— The Pennsylvania
Energy Development Authority (PEDA) is seeking applications to
help finance clean energy projects in the commonwealth.
Applicants can seek assistance
in the form of grants, loans or loan guarantees for a variety
of electric power projects including wind, solar, biomass, waste
coal, coal gasification and 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.
The deadline to apply is November
15. A total of $3.5 million is currently available.
The Governor’s Growing
Greener II initiative provides significant resources to support
these energy initiatives, including up to $10 million annually
for PEDA, which in June awarded its first round of funding that
included $6.5 million for 16 clean energy projects. Those projects
will create as many as 450 permanent and construction jobs, including
327 full-time positions as the result of successful research and
Governor Rendell has made Pennsylvania
a frontrunner in addressing the country’s dependence on
foreign oil by supporting the nation’s first-ever waste-coal-to-diesel
plant and creating a fuel consortium that will purchase nearly
all of the 40 million gallons of cheaper, cleaner diesel fuel
to be produced at the Schuylkill County facility, which is being
built by Waste Management and Processors Inc. The consortium is
a powerful new tool that will provide the long-term security needed
to finance construction of more of these innovative plants.
Pennsylvania also is home to
one of the nation’s most progressive alternative energy
portfolio standards, ensuring that in 15 years, 18 percent of
all energy generated comes from clean, efficient sources. Pennsylvania
is one of two states with a portfolio standard that includes energy
efficiency. Benefits include $10 billion in increased output for
Pennsylvania, $3 billion in additional earnings and between 3,500
and 4,000 new jobs for residents over the next 20 years.
The Pennsylvania Energy Harvest
grant program funds projects that build markets for advanced and
renewable energy technologies that use biomass, wind, solar, small-scale
hydroelectric, landfill methane, energy efficiency, coal- bed
methane and waste coal. The program has awarded $10 million and
leveraged another $26.7 million in private funds since its inception
in May 2003.
The Governor also is actively
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.
Recently, Governor Rendell announced
a plan to replace some 25 percent of the state’s vehicle
fleet with hybrids by 2011.
PEDA’s guidelines are available
on their website at www.dep.state.pa.us,