|Policy Status||In force|
|Date Announced||19 May 2009|
|Date Effective||19 May 2009|
|Date Ended||31 March 2014|
|Agency||•Natural Resources Canada (NRCan)|
|Funding||CAD 1 billion to co-fund projects to 31 March 2014|
|Stated Objective||•Climate Change Mitigation|
•RD & D
•Technology Deployment and Diffusion
•Biomass for Heat
•Biomass for Power
•Multiple Renewable Energy Sources
|Policy Sector||•Multi-sectoral Policy|
|Size of Plant Targeted||Large|
|Description||The Clean Energy Fund aims to reduce greenhouse gas emissions through tdemonstrations of "green" technologies to support the increased integration of renewable and clean power and heat technologies.
The Fund invests CAD 850 million in technology development and demonstration. This includes CAD 650 million for large-scale carbon capture and storage (CCS) demonstration projects and CAD 200 million for smaller-scale demonstration projects of renewable and alternative energy technologies. There is also a CAD150 million research component.
The Fund aims to support the integration of intermittent renewable and clean energy technology into both the electric grid and the built environment including: smart grid concepts, electrical and thermal energy storage, hybrid systems including those with limited fossil fuel input, marine energy, solar PV, solar thermal, very low-head hydro and in-stream river current systems, geothermal and bioenergy.
Proposals are requested for co-funded projects to increase the integration of CCS, renewable and clean power and heat technologies. In addition to the potential for generating renewable heat and power and integration in buildings and communities, there are also opportunities in remote and northern regions of the country, where conventional energy is expensive and were cost-effective and reliable renewable energy systems can reduce these costs.
Demonstrations should not be just technology demonstrations, but should focus on an engagement of multiple stakeholders and receptors to develop system demonstrations. These would deal with all issues such as code, permit, regulatory and other institutional issues, in addition to technology capital cost reduction and reliability of the technology.
Eligible applicants include for-profit and not-for-profit organisations registered in Canada. The maximum funding per project will not exceed 50% of Total Demonstration Project Costs. Total Canadian government assistance (federal, provincial/territorial and municipal governments, not including investment or funding from Crown or municipally-owned utilities) will not exceed 75% of Total Demonstration Project Costs.
Projects must have a minimun Clean Energy Fund contribution of CAD 2.5 million, and Clean Energy Funding per project will not exceed CAD 50 million.