The Climate Change and Emissions Management (CCEMC) Corporation is making $40 million in funding available for innovative renewable energy projects. Targeted areas of interest include wind generation, geothermal, runofriver and micro generation hydro, solar and biomass projects."The CCEMC is spurring innovation and supporting efforts to grow a diverse energy sector by looking for the very best renewable energy ideas for Alberta," said CCEMC Chair Eric Newell. "While the technology we fund must be relevant for Alberta, great ideas can come from anywhere."
Successful proponents will demonstrate the innovative nature of their project. Innovation can occur in a variety of ways including through technology, technology application, geography, finance, partnerships, bridging the gap to broad deployment and other opportunities. The CCEMC will not subsidize projects that are business as usual.Projects can occur anywhere along the innovation chain, from early ideas to commercial deployment, and must conclude no more than three years from the time the contribution agreement with CCEMC is executed.
Eligible projects must demonstrate an annual GHG emissions profile and will be evaluated based on their ability to deliver significant and sustainable emissions reductions in Alberta. Projects selected to move to the full proposal stage will be required to supply detailed GHG reduction information for review by CCEMC and CCEMC requires that emissions reductions are verified after the project is complete.CCEMC will contribute up to onehalf the project's total cash cost, to a maximum of $10 million per project. No other government sources or offset credits may constitute part of the proponent's 50 per cent contribution.
Source:Market Wire
