Renewable Energy Fund
Forecasted
Renewable Energy Fund supports Alaska utilities, power producers, and governments with renewable energy studies, design, and construction to deliver cost-effective heat and power and stabilize energy costs.
Funder: Alaska Energy Authority
Due Dates (Anticipated): September 2027 (Application due)
Funding Amounts: Cumulative project limits of $2 million in low-energy-cost areas and $4 million in high-energy-cost areas, subject to appropriation
Summary: Competitive grants support Alaska renewable energy studies, design, and construction that deliver cost-effective heat and power for public benefit.
Key Information: Applicants must own the project, control its site, and operate and maintain it for its economic life.
Description
The Renewable Energy Fund (REF), administered by the Alaska Energy Authority (AEA) with a nine-member advisory committee, supports renewable energy development across Alaska. Competitive grants fund reconnaissance, feasibility analysis and resource monitoring, final design and permitting, and construction and commissioning. The program seeks cost-effective heat and power projects that reduce and stabilize energy costs for Alaskans.
Established by the Alaska Legislature in 2008 and extended indefinitely in 2023, REF aims to use local energy resources, reduce diesel consumption, create jobs, and retain money in local economies. AEA evaluates and ranks applications for recommendation to the Legislature, which approves funding with the Governor’s approval. Recommendations do not guarantee an award.
