The Sustainable Development Fund this week said it has available approximately $2 million in wind energy production incentive grants to support new wind projects in Pennsylvania.

Applications are due by November 23 and projects must begin commercial operation by December 31, 2006. A pre-application conference call will be held on October 28.

SDF will provide financial support to successful applicants in the form of wind energy production incentive payments. The total amount of the production incentive grant will be negotiated by SDF and the successful applicants. The production incentive, paid out in quarterly payments at a rate of 1.5 cents per kilowatt-hour generated, will be paid until the entire amount of the grant has been earned by the wind project.

Unless there are unexpected difficulties encountered in the due diligence review of the applications, SDF will announce the grant decisions on or before December 23.

To participate in the conference call, e-mail Roger Clark at roger.clark@trfund.com by close of business on October 26. Questions about the application form or process should be sent by e-mail to Clark at roger.clark@trfund.com .

The Reinvestment Fund’s Sustainable Development Fund offers innovative financing in the areas of renewable and clean energy. Created by the Public Utility Commission in its final order in the PECO Energy electric utility restructuring proceeding, SDF is helping to make a sustainable energy future for Southeastern Pennsylvania.

10/21/2005