2014-2016 Rules and Regulations for the Renewable Energy Development Fund Programs

Regulation Authority:

Rhode Island General Laws Sections 42-64-13.2; 39-2-1.2; and 39-26-7

Purpose and Reason:

1.) The Rules propose to set forth the funding criteria utilized by the Corporation in connection with the Renewable Energy Development Fund (the “Fund”) and related programs mandated by applicable legislation. Specifically, the Corporation will receive applications for funding for renewable energy projects, and consider them in the context of criteria including but not limited to technical feasibility, amount of generated renewable energy, cost per kilowatt and financial viability of the project. The Fund and related programs may be used for technical feasibility analysis, municipal renewable energy investment and non-profit affordable housing development, as well as other renewable energy projects as determined by the Corporation. 2.) The following sections were changed for clarification and to include the Town of New Shoreham in the program: 5.5: Grid connection requirement 5.6: must pay a system benefit charge 5.9: May not be used with any other state energy program 9.0: Removed solicitation requirements from Early Stage Commercialization program 5.3: Modified to meet 9.0 changes Also deleted definitions that related to the above deletions. Added: 5.13: Required documentation must be submitted within 60 days of award letter issuance