Apple Gate

Small hydro funding opportunities

Publication Date: 
October, 2009
Colorado department of agriculture recently announcing $500,000 worth of funding toward feasibility studies, research and implementation of renewable energy in the agricultural community, including ditch companies. These grants have a minimum cost share of 10% of the total project cost. Applications are due on October 30, 2009. A NRCS Conservation Innovation Grant has been awarded to a non-profit organization that is currently seeking approximately 5 agriculturally related projects. This grant would cover 50% of a feasibility study costing approximately $30,000. Please contact us ASAP if you are interested, the projects will be selected within the next two months (by Nov-Dec 2009). Colorado Water Resources and Power Development Authority offered small Hydro loans (up to $2million) and matching feasibility grants (up to $15,000) last year. Funding for 2010 is expected to be announced shortly. Last year the Authority authorized a $1.45 million loan to the city of Cortez for the 240-kW Cortez Micro Hydroelectric Project. The 20-year loan has an interest rate of 2 percent. The Colorado city plans to install one 240-kW hydropower unit on its water conveyance system in Montezuma County. The city anticipates it would generate an average of 1,400 megawatt-hours annually, which would be sold to a utility. Grant recipients from the 2009 funding cycle included the cities of Aspen, Fort Collins, Georgetown, Idaho Springs, and Thornton; Colorado River Water Conservation District; Parker Water and Sanitation District; San Luis Valley Irrigation District; Summit County; and Upper Gunnison River Water Conservancy District. Additional funding for both feasibility studies and implementation grants are available through the USDA for projects located in rural areas. These grant applications were due in July of 2009, and another funding cycle is expected in 2010.