Renewable Energy Development Program

For questions or further details please contact Julian Dash, Director for the Renewable Energy Fund at 401-278-9138 or .

Program Renewable Energy Development Program
Eligible Applicants Commercial enterprises, civic and educational institutions, non-profit organizations, municipalities and nonprofit affordable housing developers
Dollar Limit Per Project & Repeat Funding
  • No funding shall exceed $750,000
  • Recipients and their affiliates are ineligible for repeat funding.
Program's Funding Amount The balance of the REF, less other expenditures
Application Deadlines Projects will be reviewed on a rolling basis.
Ranking Criteria i) Technical feasibility ii) Financial viability iii) Anticipated amount of renewable energy and related benefits iv) Estimated cost per kilo-watt hour of energy produced over the life of the project v) Project management capabilities vi) Time to market vii) Economic development impact in RI (Preference where the Corporation’s assessment of the impact of the project ≥ requested grant within a three year period from the completion of the project)
Terms & Repayment
  • Preference to projects that support low-interest loans and/or recoverable grants
  • Preference to projects for which any commitment that exceeds $250,000 shall be funded over at least 3 years
  • Repayment is dependant on project specifications.
Form of Financing
  • Loans, grants, recoverable grants and other financial mechanisms
  • Preference to projects that support low-interest loans or recoverable grants