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The Renewable Generation Supply Incentive is designed to enhance the economics and creditworthiness of renewable projects, including landfill gas energy projects.
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Rhode Island
Public Benefits Fund
Created as part of Rhode Island’s deregulation of the state’s electric utility industry, a systems benefits charge is collected from customers to fund renewable energy resource development projects. The Rhode Island Renewable Energy Fund, managed by the State of Rhode Island Office of Energy, administers the Fund. In 2002, the Fund announced the availability of $1.25 million in incentives to eligible projects in New England that are developed to serve Rhode Island customer demands. The incentive project is designed to enhance the economics and creditworthiness of renewable projects and ensure the availability of renewable energy supplies.
Technologies eligible under the program include new generation from:
- Sustainable biomass (landfill or digester gas)
- Wind power
- Small-scale hydro
- Solar energy
Facilities may be either customer-sited or bulk power supply projects. Applicants may be:
- Generators
- Wholesale intermediaries/retail electricity suppliers
- End-users proposing supply installations greater than 25 kW
Funds are distributed in the form of production incentives. (In 2003, the Collaborative capped the incentive at $0.03/kWh for a maximum of five years.) There is also a minimum co-funding requirement of 25 percent, which can be collected via premium pricing of the green electricity, money expended on publicizing the green power purchase, or grant funding.
At this time, State of Rhode Island Office of Energy does not anticipate any additional funding opportunities, but interested parties should contact the Office of Energy for more information.
For More Information
Contact:
Julie Capobianco
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5853
401-574-9111
Fax: 401-574-9125
E-mail: julieC@energy.ri.gov
Web site: www.energy.ri.gov
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