What type of feasibility study is eligible for funding?
Studies must be focused on developing a renewable energy construction project for the purpose of generating electricity, heat and/or fuel. Projects that would qualify as “Renewable Resource Project” under Oregon’s Business Energy Tax Credit (BETC) or State Energy Loan Program (SELP) may be considered for CREF funds. For electricity production, studies are limited to development projects that aim for capacity of more than 25kW and a maximum of 10MW. For heat and/or fuel generation projects, eligibility will be determined on a case by case basis with an emphasis on small-scale production. Further, the developer must be willing and committed to developing the construction project when it is appropriate to do so. May “demonstration” projects or R&D projects qualify for the CREF Fund? It is unlikely that pilot demonstration and/or R&D projects will qualify for funding under the CREF program. Preference will be given to projects with a high likelihood of being developed as construction proje
