Grants Available in Project 150 Initiative

The Connecticut Clean Energy Fund’s (CCEF) Project 150 Initiative was authorized by a legislation that requires the state’s two electric distribution companies – CL&P and UI – to enter into long-term electricity purchase agreements to obtain at least 150 megawatts (MW) of "Class I" renewable energy. Pricing under these contracts includes a premium of up to 5.5¢ per kilowatt-hour (kWh). Eligible technologies generally include photovoltaics (PV), solar thermal energy, geothermal energy, wind energy, ocean thermal energy, wave and tidal energy, fuel cells, landfill gas, low-impact hydropower, hydrogen, low-emission biomass, combined heat and power (CHP), and electricity generated by alternative fuels. For all projects the price paid by the distribution company is based on the energy delivered to a specified Connecticut “node.” Project developers were directed to energy pricing inclusive of all capital costs, fuel costs, fixed and variable O&M costs, and any other costs associated with delivering the contracted energy output of the facility to the bid-specified point of delivery. The CCEF announced it would award at least $50,000 to each project selected for an electricity purchase agreement under the Project 150 Initiative. Contact: Connecticut Clean Energy Fund, 200 Corporate Place, 3rd Floor, Rocky Hill, CT 06067; 860-563-5851 Ext.331; Fax: 860-563-6978; http://www.ctcleanenergy.com/default.aspx?tabid=97

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