DOE Releases Guide For Developing 'Financially Attractive' Renewable Energy Projects

NAW Staff, Tuesday 12 March 2013 - 12:28:50

The U.S. Department of Energy's (DOE) Federal Energy Management Program (FEMP) has created a new resource that provides best practices and other guidance for federal agencies developing large-scale renewable energy projects.

The resource, called "The Large-Scale Renewable Energy Guide: Developing Renewable Energy Projects Larger than 10 MW at Federal Facilities," provides a comprehensive framework, including active project management strategies, common terms, and principles that reduce project uncertainties and promote partnerships among the federal government, private developers and financiers.

The guide describes the fundamentals of deploying financially attractive, large-scale renewable energy projects, and provides recommendations for how to improve communication between government agencies and private developers as they navigate the project development and execution process. It also offers best practices to help federal agencies mitigate risks and demonstrate strong project characteristics for large-scale renewable energy installations.

The guide provides federal project managers with best practices for obtaining private-sector financing across a variety of funding options and competitive acquisition processes.

The guide will also help commercial developers better understand the federal energy planning and acquisition processes. Built on lessons learned from both the private sector and federal agencies, the guide shows how federal agencies can help attract project developers and private capital investment while ensuring federal energy goals and requirements are met.

The guide was developed by FEMP and the National Renewable Energy Laboratory, with assistance provided by the U.S. Army Energy Initiatives Task Force (EITF). It was developed in concert with the EITF's process for large-scale renewable energy project development.

The guide can be viewed here.

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