North American Windpower: CCEMC Announces $50 Million In Funding For Renewable Energy Projects

CCEMC Announces $50 Million In Funding For Renewable Energy Projects

by NAW Staff Friday October 01 2010

The Climate Change and Emissions Management Corp. (CCEMC) has announced that $50 million in funding is available for renewable energy projects in Alberta, Canada.

Applicants are encouraged to attend workshops in Calgary, Alberta, Oct. 12 or in Edmonton, Alberta, Oct. 14. The workshops provide information on the proposal process and the requirements that must be included in every proposal.

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

This is the third call RFP issued by the CCEMC. In June, the organization committed more than $71 million to 16 clean technology projects from its first RFP.

To ensure that each proponent receives equitable consideration, a fairness monitor, who reports to the CCEMC board of directors, 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 tons of greenhouse gas (GHG) emissions are legally required to reduce their GHG intensity by 12%.

SOURCE: Climate Change and Emissions Management Corp.

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