Will contribute up to one half of selected project's cost up to $10-million
Edmonton—Not-for-profit organization Climate Change and Emissions Management Corporation (CCEMC) has announced $40-million in funding to be made available for innovative new renewable energy projects.
With targeted areas including wind generation, geothermal, run-of-river and micro generation hydro, and solar and biomass projects, funding-eligible projects must demonstrate an annual greenhouse gas (GHG) emissions profile and will be evaluated based on their ability to bring significant, sustainable emissions reductions to Alberta.
According to CCEMC, projects selected for the full proposal stage will be required to show detailed GHG reduction models for review.
CCEMC will not contribute funding to projects that are “business as usual,” it was announced, but rather those that show an innovative nature.
This innovation can occur in a number of ways, including through technology, technology application, geography, finance, partnerships and other opportunities.
Projects can occur anywhere along the innovation chain, according to CCEMC, and must conclude no more than three years from the time the contribution agreement with CCEMC is completed.
CCEMC will contribute up to one half of each selected project’s total cost up to $10-million for each project.
No other government sources or offset credits may be included as part of the project proponent’s 50 per cent contribution.
Information sessions about the submission and evaluation processes will be held in Edmonton June 18, followed by an online webinar June 25.
Submissions are due Sept. 27, with full project submissions invited in early 2013.
Guideline are available online at www.ccemc.ca/projects.