Predevelopment Financing Initiative

OVERVIEW
The Clean Energy Pre-Development Financing Initiative offers funding in the form of grants and loans in an effort to support the development of grid-connected Generating Facilities in New England that employ renewable energy technologies.

Under this Solicitation, grant funding is available to public instrumentalities for feasibility studies. Unsecured loans for pre-development activities are available to eligible applicants awarded funding. Feasibility study funding is limited to $50,000 per project. Pre-development funding is limited to $250,000 for wind and biomass projects and $150,000 for all other projects. A minimum cost-share of 25% is required for all projects.

The minimum project size by technology that this solicitation intends to support is:

  • 3,000 kilowatts (kW) for wind and biomass energy projects
  • 250 kW for landfill gas projects
  • 1,000 kW for all other project

Applications will be accepted through April 7, 2008.

APPLICATION MATERIALS AND OTHER INFORMATION

Document
File Type
File Size
Solicitation
173KB
Attachment A - Application Form
189KB
Attachment A - Budget Form
43KB
Attachment B - Signature & Acceptance Form
80KB

Attachment C - General Terms & Conditions
85KB
Attachment C - Sample Project Loan Agreement
417KB
Attachment D - Reporting & Invoicing Requirements
62KB
Question & Answer File  12.19.05
Under revision
83KB

Solicitation and Initiative Schedule

Administrative Deadlines
Award Reviews
Applications received prior to April 7, 2008
June 2008 MTC Board of Directors Meeting

Project Agreements Executed (Loan or Grant)

Approximately 4 – 6 weeks after award decision by MTC’s Board of Directors.

All awards subject to MTC staff and external peer reviews as well as final review by MTC's Board of Directors.

CONTACT
Project Manager, Amy Barad, 508.870.0312 x 285