Governor's Energy Office launches Renewable Energy Development Team Program
The Governor's Energy Office (GEO) is announced the start of its Renewable Energy Development Team (REDT) program March 9. The program supports the GEO's efforts in charting Colorado's future as a leader in clean, renewable energy. The program will identify renewable energy projects with the highest likelihood of successful development and to move eligible projects closer to success.
It is anticipated that over 200 projects will receive technical assistance from the REDT program. The program will not provide funding to applicants, but rather up to 120 hours of technical assistance will be provided.
In order to ensure optimal attention to each selected project, the REDT will limit the number of projects chosen. The program is intended to support projects that do not have the financial capabilities to move forward to an investor and/or project developer review stage without additional assistance. Applications for the REDT project will be moved through a stage-gate review process, designed to ensure that the projects with the best opportunity for success advance. Projects that reach the final REDT stage, an estimated two-dozen, will be presented to a group of renewable energy project developers and potential investors.
What projects and entities are eligible for REDT assistance?
- Local governments, non-profits, utilities, and land owners are eligible to apply
- Projects must be located in Colorado
- A basic scope of the project must be available and an application must be submitted for consideration
- Eligible technologies and project types include the following distributed renewable electrical generation sectors, with a nameplate rating of 30 megawatts (MW) or less except where noted:
- Biomass (non-toxic plant matter, animal waste and waste products, and methane from landfills or wastewater residuals only)
- Small hydro (less than 10 MW)
- Solar photovoltaic and solar thermal
- Distributed Generation (under 30 MW) wind
- Geothermal (direct-use applications and power generation, excludes heat pumps)
The application for this program is now online at RechargeColorado.com. For more information, and to access the application, visit the Renewable Energy Development Team page in the "Programs, Policies & Initiatives" section.