Pennsylvania Offers Guidelines for Clean Energy Funds

[RenewableEnergyAccess.com] Pennsylvania Energy Development Authority (PEDA) has released new guidelines for $10 million in available financial assistance to build clean energy projects in the Commonwealth. 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. 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. For more information see the following link.

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