Incentives for Biomass Systems
The CVPS Renewable Development Trust Fund encourages the development of new renewable-energy projects that utilize anaerobic digestion of agricultural products, byproducts or wastes to produce electricity. This fund provides grants and other incentives to support project development, project operations and interconnection to the grid. The amount and types of awards are made on a case-by-case basis. As of November 2008, the fund has supported five farm projects that are operational and has offered incentives for five additional farm projects. CVPS, the state’s largest electric utility, also offers a production incentive for electricity generated by eligible anaerobic digesters. CVPS purchases this electricity at 95% of the Locational Marginal Price of generation published by ISO New England plus an additional $0.04 per kWh to purchase the renewable-energy certificates (RECs) and all other associated environmental attributes such as methane destruction, odor reduction and other ancillary benefits of this type of renewable generation. Contact: Central Vermont Public Service Corporation, 77 Grove Street, Rutland, VT 05701; 802-747-5681; http://www.cvps.com/
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