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Funding Resources
Funding Resources
| MN Xcel Energy Renewable Development Fund | |
|---|---|
| Type of Incentive | Grant |
| Eligible States | MN |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | Biogas, Biomass, Hydrogen, LFG, Municipal Solid Waste, Other, Tire-Derived Fuel |
| Eligible Project Size | All (MW) |
| Number of Awards | |
| Size of Award | The maximum funding amount varies according to the RFP that is issued. For the 2007 solicitation, maximum funding amounts were as follows: * Energy Production Projects: $2 million * R&D Projects: $1 million The PUC subsequently approved 22 projects totaling $22.6 million in funding in April 2008. The latest round of funding has not yet been scheduled. Grant announcements are intermittent. |
| Start Date | 1/1/2001 |
| End Date |
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| Minimum Efficiency(%) |
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| Additional Information | The Xcel Energy Renewable Development Fund (RDF) was created in 1999 as an outcome of 1994 Minnesota legislation concerning spent nuclear fuel at Xcel Energy's Prairie Island Nuclear Plant. The original legislation has been amended and added to several times, expanding the amount of money collected by the fund and prescribing funding allocations for specific programs. Funding available for the grant program thus depends on the other funding obligations that need to be met with RDF funds at any given time. The Xcel RDF provides grants periodically through a Request for Proposals (RFP) process. Renewable-energy technologies eligible for funding typically include wind, biomass, solar, hydroelectric generators and fuel cells. Funding is generally split between new development projects that result in the production of renewable energy, and research and development. Wind energy production projects were not eligible for funding under the third and most recent grant cycle and will likely remain so under future cycles. However, wind remains generally eligible for projects not engaged in energy production. |
| Web Site |
http://www.xcelenergy.com/Company/Environment/Renewable%20Development%20Fund/Pages/ RenewableDevelopmentFund.aspx  |
| Additional Web Site |
http://www.dsireusa.org/incentives/ incentive.cfm?Incentive_Code=MN11F¤tpageid=3&EE=1&RE=1 |
| Primary Contact |
Debra Paulson 414 Nicollet Mall Minneapolis, MN 55401-1993 U.S.A. Debra Paulson (debra.j.paulson@xcelenergy.com) (800) 895-4999 (612) 330-7601 |