- Monday, November 22, 2021
Call for Applications Sparks Round 14 of the Renewable Energy Fund
The Alaska Energy Authority announced last week that it is soliciting applications for Round 14 funding through the Renewable Energy Fund.
The REF has funded $275 million worth of projects since its inception in 2008, including hydro, geothermal, biomass, wind and solar. The principal goal of the REF is to bring to market technically and economically viable renewable energy projects in Alaska’s remote communities, with the added benefit of decreasing reliance on fossil fuels. The program is statutorily mandated to focus on projects in high-cost regions of Alaska.
Applications must be filed with AEA no later than 4 p.m. on Tuesday, Jan. 18, 2022. A report summarizing all applications and recommending a priority for funding will be delivered to the Alaska State Legislature during the legislative session, after consultation with the REF Advisory Committee.
To maximize efficient use of funds, the program will focus on earlier stages of viable projects. Projects in the early stages have higher risks of noncompletion and can have difficulty obtaining conventional financing.
More information and application instructions can be found on the REF website.