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$50 million available for Alberta renewable energy

Oct. 1, 2010, Edmonton – The Climate Change and Emissions Management Corporation has $50 million in funding available for renewable energy projects in Alberta.


October 1, 2010
By Climate Change and Emissions Management Corporation

Oct. 1, 2010, Edmonton – Eric Newell, chair of the Climate Change and Emissions
Management Corporation (CCEMC), has announced that $50 million in funding is
available for renewable energy projects in Alberta. "We're looking for projects
that have strong potential to make significant, verifiable, and sustainable
reductions in greenhouse gas emissions through the generation and use of
renewable energy in Alberta," says Newell.

Renewable energy is derived from feedstock that is renewable and from natural or waste
materials, including solar energy, wind energy, mini-hydro, geothermal heat, and biomass.

"We hope to see proposals from industry, municipal utilities, research and
development organizations, technology developers, and service providers," says Newell.

Applicants are encouraged to attend workshops in Calgary on October 12 or in Edmonton on
October 14. The workshops will provide information on the proposal process and
the requirements that must be included in every proposal. Details are available
on the CCEMC website, ccemc.ca.

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The maximum CCEMC contribution to an individual project for this call for proposals
will be $10 million, and the maximum project length is five years. The deadline
is November 4. There are no restrictions on the number of proposals that may be
submitted by an applicant.

This is the third call for proposals issued by the CCEMC. In June, the organization
committed more than $71 million to 16 clean technology projects from its first
call for proposals. The second CCEMC call for proposals, which closed August
13, offered $40 million in funding for energy efficiency projects. Of the 52
proposals submitted, 17 were approved to go to the full project proposal stage,
with budgets totalling $276 million and requesting $67 million in CCEMC funding.

To ensure that each proponent receives equitable consideration, a fairness monitor
oversees all stages of the evaluation process. Funding for the CCEMC comes
from the Government of Alberta, which collects it from industry. Since 2007,
Alberta companies that annually produce more than 100,000 tonnes of greenhouse
gas emissions are legally required to reduce their greenhouse gas intensity by
12%. One compliance option is to pay into the Climate Change and Emissions
Management Fund at $15/tonne.


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