The recent passage of the American Recovery and Reinvestment Act (ARRA), together with existing legislation such as the 2008 Farm Bill, the Energy Independence and Security Act of 2007, and the Energy Policy Act of 2005, has created unprecedented opportunities for renewable energy and clean technology companies to obtain funding from the federal government for a wide variety of energy and environmental projects. A summary of the major funding opportunities announced by the federal government during the last week can be viewed by clicking on the following link:
Funding under these programs will be awarded on a competitive basis and under tight application deadlines. Applications must contain detailed information regarding an applicant's proposal, and actual funding awards require the negotiation of detailed documentation similar to that used in complex project financings.
WilmerHale's Energy and Clean Technology practice group has extensive experience in the areas of public policy, government contracting, project finance and development, and energy regulation. We are uniquely positioned to expertly advise renewable energy and clean technology companies on the complex issues and opportunities that arise in connection with these federal funding opportunities, and to assist companies in both obtaining government funding and successfully developing their projects.
RENEWABLE AND CLEAN TECHNOLOGIES
Recovery Act Funding for Expansion of Infrastructure for Higher Ethanol Blends. DOE will award up to $1,000,000 per applicant for projects that will increase the availability and use of gasoline/ethanol blends in the U.S. Projects must fit within one of two topic areas: (1) refueling infrastructure for ethanol blends and cost-shared projects to modify, upgrade or expand the infrastructure at retail fueling locations to accommodate gasoline/ethanol blends containing up to 85% ethanol; and (2) outreach for ethanol blends and projects which will increase public awareness of the benefits, safety and use of ethanol blends as a transportation fuel. Award ceilings vary depending on topic area.
Application deadline: October 4, 2009
For details, click here.