First Round of Renewable Energy Grant Fund Projects Fully Funded
June 26, 2009
Yesterday, February 17, 2009, the Joint Legislative Budget and Audit Committee of the Alaska State Legislature made history by committing an unprecedented $100 million to the development of renewable energy projects across Alaska. The projects, totaling 77 in all, range from a wind farm in Unalakleet to solar PV construction in Ambler. The recipients come from the Round I applications to the Alaska Renewable Energy Grant Fund, a piece of legislation passed last year to help finance the construction and pre-construction of renewable energy projects across Alaska. Round II applications are currently being vetted by the Alaska Energy Authority. However, the legislature has yet to appropriate the next $50 million for Round II projects.