Five Years of the Renewable Energy Fund

Transcription

1 1 Five Years of the Renewable Energy Fund Sean Skaling Alaska Energy Authority 2013 Alaska Rural Energy Conference April 29, 2013 Chuniisax Creek Hydro, Atka

2 Overview Statistics Results Examples New Grants Changes Staff & Assistance Resources Eva Creek Wind, Healy 2

3 3 Renewable Energy Fund: Benefits Supports Alaska s 50% Renewable Power goal Diversifies Alaska s energy supply Reduces energy costs by: Providing low-cost renewable energy to displace fossil fuels Reducing the cost of renewable energy Keeping more dollars in local community Provides consistent and efficient evaluation of projects and prospective funding Leverages State dollars to produce energy Enhances regional planning efforts

4 4 Statistics 646 Applications received $1,349M 251 Applications funded $227M 62 Grants completed/closed Round Round Round Round Round Round I II III IV V VI Totals Applications Received Applications Funded * 251 Grants Currently in Place Grants Completed & Closed Grants Cancelled or Combined Grants Unissued to Date * 38 Amount Requested 3 ($M) $453.8 $293.4 $223.5 $123.1 $132.9 $122.6 $1,349.3 AEA Recommended ($M) $100.0 $36.8 $65.8 $36.6 $43.2 $56.8 $339.2 Appropriated ($M) $100.0 $25.0 $25.0 $ $25.9 $25.0 $227.5 Cash Disbursed ($M) $65.7 $18.5 $12.4 $15.8 $7.8 $0 $120.2 Match Provided ($M) 4 $20.7 $22.6 $10.5 $34.6 $8.2 $6.1 $102.7 Other Known Funding ($M) $9.2 $1.6 $0.8 $14.5 $0 $215.6 $2,41.7 4, 5 * Round VI in FY14 capitol budget, not yet signed by Governor

5 5 Rounds I-V by Phase 18% Reconnaissance and Feasibility 8% Final Design 74% Construction State-wide scope

6 Rounds I-V Pre-Construction By Resource Type 6

7 7 Rounds I-V Construction Projects By Resource Type 74% Construction 8% Final Design 18% Recon and Feasibility State-wide scope

8 8 Results: Economic Benefits First 62 projects in construction portfolio REF investment of $112M $500 million net present benefits from Renewable Energy Fund projects in construction is projected Integrates actual performance from completed projects

9 9 Renewable Energy Fund: Avoided Fuel Renewable Energy Fund projects offset a growing volume of fuel Large jump in 2013 is from Eva Creek Wind and Anchorage Landfill Gas projects Expect continued growth in avoided fuel as previously funded projects complete construction Partial support for renewable energy fund project database developed by the Institute of Social and Economic Research, University of Alaska Anchorage from the U.S. Department of Energy, EPSCoR project DE-PS02-09ER09-12, Making Wind Work for Alaska: Supporting the Development of Sustainable, Resilient, Cost-Effective Wind-Diesel Systems for Isolated Communities

10 10 Renewable Energy Project: Lowering the Cost of Energy We expect Renewable Energy Fund projects to lower power costs Even without a REF grant Achieving these economics are part of our scoring criteria Renewable Energy Fund grants help good projects get built Provides needed capital Decreases the payback period on good projects

11 11 Community Highlight: Atka Chuniisax Creek Hydroelectric Project Completed in 2012 Capacity: 283 kilowatts Providing nearly 100 % of Atka s power needs, including a portion of Atka Pride Seafoods demand Capital Cost: $5 million 52,000 gallons per year fuel savings Lifetime savings: $14,100,000 Used local labor Potential to use excess power for electric heat

12 12 Community Highlight: Delta Junction Delta Junction School Biomass Heat Exchanger Completed in September 2011 High-efficiency, low-emissions wood chip heating system Wood chips come from Dry Creek Saw Mill waste product Funding $2M grant/$2.8m total Annual fuel savings: 53,000 gal. Lifetime savings: $3,060,000 Allowed the school to save 2 teacher positions, reopen music program and remodel the school kitchen Potential to add additional facilities Easy maintenance

13 13 Community Highlight: JBER Landfill-Gas-To-Energy Project GE Jenbacher gas engines at Doyon Utility s JBER facility Funding from AEA Renewable Energy Fund, Doyon Utilities and federal government Constructed in 2012 Alaska s first landfill-gas-to-energy project Located on Joint Base Elmendorf-Richardson (JBER) Produce power from Anchorage Regional Landfill methane gas Expected results: 56,000 MWh/year 26.2% of JBER s power use More than $50 million in savings over project life

14 14 Eva Creek Wind RE Fund Grant: $1,463,200 +$10 million legislative appropriation Total Project Cost: $93,000,000 Est Fuel Displaced/yr: 4,200,000 gal Lifetime Savings: $137,804,000

15 15 Haines Senior Center Biomass RE Fund Grant: $189,000 Total Project Cost: $ 225,000 Est Fuel Displaced/yr: 38,000 gal Lifetime Savings: $2,978,000

16 16 Falls Creek Hydroelectric, Gustavus RE Fund Grant: $750,000 Total Project Cost: $10,153,000 Est Fuel Displaced/yr: 140,000 gal Lifetime Savings: $31,500,000

17 17 Juneau Airport Ground Source Heat Pump RE Fund Grant: $513,000 Total Project Cost: $1,026,000 Est Fuel Displaced/yr: 29,500 gal Lifetime Savings: $2,200,000

18 18 Round 6 (this year) Recommended and Funded

19 AEA Recommendations Recommended 60 projects, $56.8M Legislature funded 23 projects, $25M 19

20 AEA Recommendations 20

21 21 Legislative Appropriations, $25M REF Funding by Type, Round VI Yukon-Koyukok/Upper Tanana 1.0 Southeast 13.7 Heat Recovery 18% Northwest Arctic Lower Yukon-Kuskokwim Hydro 75% Biomass 5% Solar 1% Wind 1% Copper River/Chugach Bristol Bay Bering Straits Aleutians Dollars in Millions

22 18 Number of Applications by Stage and Ranked Tier Comparison of the application types by tier High number of construction projects in top tiers Top $25M $25-50M $50-57M Not recom Recon Feasibility Design Construction 22

23 23 Separate funding for heat projects Modified list of locations for $8M limit Changes for Round 7 14 recommended changes approved by REF Advisory Committee One more REFAC meeting May/June Geothermal project feasibility limit changes Use cost of heat to score heat projects Allow harvested wood to count as match Efficiency requirement for heat projects Greater data collection standards, extend collection to 10 years.

24 24 Request For Applications Available early July Due late September Technical and grant assistance available from AEA staff Our Goal: the best applications possible Round 7 Start planning now

25 25 AEA Staff Renewable Energy and Community Assistance Staff to know

26 Hydroelectric Doug Ott Audrey Alstrom 26

27 Wind Rich Stromberg Josh Craft 27

28 Biomass & Heat Recovery Devany Plentovich Helen Traylor 28

29 Geothermal, Hydrokinetic, Emerging Technology Alan Baldivieso 29

30 Energy Efficiency & Conservation Cady Lister Katie Conway Rebecca Garrett 30

31 Energy Planners & Community Assistance Deborah Vo Jed Drolet Chris Gobah 31

32 32 Other New Resources Renewable Energy Atlas Renewable Energy Fund Status Report Power Cost Equalization Report Energy Statistics Report AEA Annual Report

33 33 AKEnergyAuthority.org AKEnergyInventory.org Web Resources AKEnergyEfficiency.org

34 Thank You Sean Skaling Alaska Energy Authority (907)