CCEF Funds 11 Renewable Energy Projects

The Connecticut Clean Energy Fund (CCEF), a ratepayer fund administered by Connecticut Innovations Inc. (CI), selected eleven renewable energy projects to forward to the state’s two electric distribution companies, the Connecticut Light and Power Company (CL&P) and the United Illuminating Company (UI), under Round 2 of Project 100.

“We were extremely pleased with the quality of the projects that were submitted to CCEF for consideration under the Round 2 competition,” said Timothy Bowles, chair of the Connecticut Clean Energy Advisory Committee. “It was a challenge to narrow down the field to the eleven that we selected, and it is our hope that the utilities will move forward with long-term contracts with all of these projects.” These electric distribution companies will review CCEF’s recommendations and perform additional analyses leading to their selection of projects to receive long-term power purchase agreements (PPAs). This was the second round of projects selected through Project 100, a program created by the Connecticut General Assembly to develop not less than 100 megawatts (MW) of renewable energy generation for the benefit of Connecticut consumers. Round 1 of Project 100 resulted in the electric distribution companies negotiating a long-term power purchase contract representing approximately 15 MW of new renewable generation. The groundbreaking legislation that launched Project 100 was created because large renewable energy projects are difficult to finance without long-term contracts. The eleven projects selected are all based in Connecticut and represent a diversity of fuel sources and technologies (for a listing, use link below). Jerome Peters, chair of the Project 100 Steering Committee said, “The companies that proposed these projects are a great asset to the state, advancing an industry vital to our economy, our environment and our quality of life in Connecticut.”
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