$50M available for clean tech

October 1, 2010   by PLANT STAFF

EDMONTON: The Climate Change and Emissions Management Corp. (CCEMC ) has made $50 million available for the funding of renewable energy projects.

The not-for-profit CCEMC, which gets its funding from industry that’s collected through the Alberta government, invests in discovery, development and the operational deployment of clean technologies.

“We’re looking for projects that have strong potential to make significant, verifiable, and sustainable reductions in GHG emissions through the generation and use of renewable energy in Alberta,” said Eric Newell, CCEMC’s chair.

Newell said CCEMC expects to see proposals from industry, municipal utilities, research and development organizations, technology developers and service providers.

The maximum contribution to a single project with a maximum project length of five years will be $10 million.

Workshops covering information on the proposal process and the requirements that must be included will be held in Calgary Oct. 12 or in Edmonton Oct. 14. Click here for details.

This is the third call for proposals. In June the organization committed more than $71 million to 16 clean technology projects from its first call for proposals.

A second call for projects with funding of up to $40 million closed in August. Fifty-two proposals were received from industry with project budgets totalling $591 million. Seventeen projects with budgets totalling $276 million and requesting funding of $67 million have been approved to go to the full proposal stage.

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