Governor Tom Corbett and the Department of Environmental Protection (DEP) today announced that the Pennsylvania Energy Development Authority (PEDA), an independent public financing authority created in 1982, will offer an estimated $12.5 million in grants and loans beginning June 14 for alternative and renewable energy projects, along with projects deploying technologies such as solar energy, wind, hydropower and biomass.
"This funding is an opportunity for companies, municipalities, schools and organizations to deploy alternative energy projects or construct new facilities related to alternative fuels," Corbett said. "Such projects further our goal to develop a diverse and robust energy sector here in Pennsylvania, in a manner that protects our environment and uses our resources smartly and efficiently.
Those eligible to apply include non-profit corporations; Pennsylvania schools, colleges and universities; any Pennsylvania municipality, and public or private corporations, partnerships, limited liability companies, associations and other legal business entities.
Grant or loan funds will be awarded on a competitive basis. PEDA anticipates awarding approximately $10 million specifically for alternative and renewable energy projects, deploying technologies such as solar energy, wind, hydropower and biomass.
Funding is also available for clean alternative fuels, alternative energy manufacturing and alternative energy research.
Funded activities must be conducted entirely in Pennsylvania and be in compliance with applicable laws.