Renewable Energy Fund
Forecasted
Renewable Energy Fund supports Alaska communities through renewable heat and power projects, from feasibility studies to construction, to reduce and stabilize energy costs and use local resources.
Funder: Alaska Energy Authority
Due Dates (Anticipated): September 2027 (application deadline)
Funding Amounts: $14.6 million appropriated for nine Round 18 projects
Summary: Competitive grants support renewable heat and power projects that reduce and stabilize energy costs across Alaska.
Key Information: Advisory committee recommendations do not guarantee funding; the Governor and Legislature make funding decisions.
Description
The Alaska Energy Authority (AEA) administers the Renewable Energy Fund in coordination with a nine-member advisory committee. Established by the Alaska Legislature in 2008, the fund supports qualifying renewable energy projects across the state, from feasibility studies and engineering and design through construction. Its focus is cost-effective renewable energy for heat and power that reduces and stabilizes energy costs for Alaskans.
The program also aims to use local energy resources, retain money in local economies, create jobs, and foster economic development. More than 110 operating projects have been built with fund contributions; together, they save more than 30 million gallons of diesel annually.
