RI Renewable Energy Fund amazonaws com
RI Renewable Energy Fund Fred Hashway Renewable Energy Fund RI Economic Development Corporation
Presentation to the Environmental Business Council: RI Chapter
Renewable Energy Fund • What is the Renewable Energy Fund (REF)? – The fund was transferred by statue from the Office of Energy Resources to – – –
–
RIEDC in 2008 The REF supports renewable energy projects, boosting the state’s renewable energy supply and accelerating green-sector job growth EDC has committed funding to United Natural Foods, Town of Jamestown feasibility study, Portsmouth’s new wind turbine, CRMC’s SAMP Funds balance is now about $4 million - Funds are collected from RI ratepayers through surcharge on electricity - Prepared to distribute about half of the balance early this summer Four project categories - Affordable housing - Municipal projects - Feasibility studies - All other renewable energy projects
RI’s Offshore Wind Industry
• Region’s Offshore Wind Industry – $50 billion industry from Maine to Delaware – RI is well-positioned
• Deepwater Wind – – – – –
State’s chosen developer is committed to growing the industry $1.5 billion project, nation’s first offshore wind farm, 106 turbines 800 jobs Potential to produce 15 percent of state’s electricity Establish hub for renewable energy industry at Quonset Point
• Rhode Island’s Advantage – – – –
Strategic location Renewable resources (wind, solar, hydro etc) Skilled workforce Accelerated permitting process
Green Sector Economy • Growing Rhode Island’s Green Economy – EDC is committed to growing the state’s green jobs workforce, a key to stimulating the state’s economy – RI is poised to become national leader in green industries – Must establish policies that enhance green industries – RI will capture its share of the green economy if we are smart, fast, agile, and develop a niche that establishes long-term economic value
• Green Economy Roundtable – J. Michael Saul, interim executive director
• Questions?
Contact Information Fred Hashway Director of Government Affairs, Policy and Innovation RI Economic Development Corporation 315 Iron Horse Way, Suite 101 Providence, RI 02909 (401) 278-9161 [email protected]
Julian Dash Renewable Energy Director RI Economic Development Corporation 315 Iron Horse Way, Suite 101 Providence, RI 02909 (401) 278-9138 [email protected]
Presentation to the Environmental Business Council: RI Chapter
Renewable Energy Fund • What is the Renewable Energy Fund (REF)? – The fund was transferred by statue from the Office of Energy Resources to – – –
–
RIEDC in 2008 The REF supports renewable energy projects, boosting the state’s renewable energy supply and accelerating green-sector job growth EDC has committed funding to United Natural Foods, Town of Jamestown feasibility study, Portsmouth’s new wind turbine, CRMC’s SAMP Funds balance is now about $4 million - Funds are collected from RI ratepayers through surcharge on electricity - Prepared to distribute about half of the balance early this summer Four project categories - Affordable housing - Municipal projects - Feasibility studies - All other renewable energy projects
RI’s Offshore Wind Industry
• Region’s Offshore Wind Industry – $50 billion industry from Maine to Delaware – RI is well-positioned
• Deepwater Wind – – – – –
State’s chosen developer is committed to growing the industry $1.5 billion project, nation’s first offshore wind farm, 106 turbines 800 jobs Potential to produce 15 percent of state’s electricity Establish hub for renewable energy industry at Quonset Point
• Rhode Island’s Advantage – – – –
Strategic location Renewable resources (wind, solar, hydro etc) Skilled workforce Accelerated permitting process
Green Sector Economy • Growing Rhode Island’s Green Economy – EDC is committed to growing the state’s green jobs workforce, a key to stimulating the state’s economy – RI is poised to become national leader in green industries – Must establish policies that enhance green industries – RI will capture its share of the green economy if we are smart, fast, agile, and develop a niche that establishes long-term economic value
• Green Economy Roundtable – J. Michael Saul, interim executive director
• Questions?
Contact Information Fred Hashway Director of Government Affairs, Policy and Innovation RI Economic Development Corporation 315 Iron Horse Way, Suite 101 Providence, RI 02909 (401) 278-9161 [email protected]
Julian Dash Renewable Energy Director RI Economic Development Corporation 315 Iron Horse Way, Suite 101 Providence, RI 02909 (401) 278-9138 [email protected]
