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12 Recipients Receive
$9 Million for Renewable Energy & Energy Efficiency
Projects
On
August 8, 2006, Secretary of Agriculture Mike Johanns
announced that 12 recipients from three different states
received over $9 million in loan guarantees and grants from
the US Agriculture Department’s (USDA) Renewable Energy and
Energy Efficiency program (Sec. 9006 of the 2002 Farm Bill (P.L.
107-171). While
the total appropriation for FY06 was $23 million, the Feb. 13
solicitation provided for $11.385 million for grants and
$176.5 million for guaranteed loans.
Grants totaled $2,595,437 and guaranteed loans totaled
$6,481,279 -- this leaves $8,789,563 and $170,018,721 remaining,
respectively. It
is expected that more awards will be announced before the end
of the fiscal year (September 30, 2006).
The
announced loans and grants will be used to fund renewable
energy and energy efficiency projects in
Iowa
,
Kansas
and
Oregon
. Examples of
projects receiving funding awards include installation of an
anaerobic digester, installation of a biomass high pressure
boiler, and construction of a biodiesel facility.
See full recipient list below:
FY06 Renewable Energy
and Energy Efficiency Recipient List
|
State
|
Recipient
|
Loan
Guarantees
|
Grant
Amounts
|
Purpose
|
|
IA
|
Amana
Farms, Inc.
|
$1,065,850
|
$500,000
|
Anaerobic
Digester
|
|
IA
|
Amaizing
Energy, LLC
|
$250,000
|
$250,000
|
Energy
efficiency improvements
|
|
IA
|
CK
Processing Co., Inc
|
$214,349
|
$214,349
|
Biomass
wood burner drying system
|
|
IA
|
Green
Prairie Energy, LLC
|
$250,000
|
$280,000
|
Wind
turbine
|
|
IA
|
Northeast Iowa
Cooperative
|
$104,248
|
$104,248
|
Grain
dryer
|
|
IA
|
North
Central Cooperative
|
$98,175
|
$98,175
|
Grain
dryer
|
|
IA
|
Synhorst
Livestock and Grain, Inc.
|
$38,827
|
$38,827
|
Grain
dryer
|
|
IA
|
Tri-City
Energy, LLC
|
$2,000,000
|
$500,000
|
Biodiesel
production facility
|
|
KS
|
Hayes
Sight and Sound, Inc.
|
$26,000
|
$26,000
|
Replace
HVAC system and lighting
|
|
KS
|
White’s
King Co. Inc.
|
$48,830
|
$48,838
|
Replace
refrigeration and lighting equipment
|
|
OR
|
Harts
Nursery
|
$35,000
|
$35,000
|
Greenhouse
energy efficiency improvements
|
|
OR
|
Rough
and Ready Lumber Co.
|
$2,350,000
|
$500,000
|
Boiler/turbine
system for wood drying and power generation
|
Remaining Renewable
Energy and Energy Efficiency Funding for FY06
|
|
Loan
Guarantees
|
Grant
Amounts
|
|
Total
Funding
|
$6,481,279
|
$2,595,437
|
|
Available
Funding
|
176,500,000
|
11,385,000
|
|
Remaining
Funding
|
$170,018,721
|
$8,789,563
|
Under the terms of the original solicitation, after
August 1, 2006 any guarantee loan funds that were not
obligated are to be pooled and revert to the National Office
reserve for grants. The USDA is in the process of
evaluating the potential for a direct loan program; therefore,
for FY06 the program is limited to grants and loan guarantees.
As was posted in the solicitation, guaranteed loans will be
awarded on a continuous basis.
Click
here to view USDA Press Release
Click
here for USDA PDF of Recipient List
Click
here for Original Solicitation
Click
here for PDF of this Press Release
If you have questions,
please email or call Jetta Wong at jwong@eesi.org
or (202) 662-1885.
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The
Environmental and Energy Study Institute (EESI) is a
non-profit organization that works at the nexus of policy and
innovation to promote environmentally sustainable societies.
EESI was founded in 1984 by a bipartisan group of
Congressional Members dedicated to finding environmental and
energy solutions. EESI provides credible, timely
information and innovative policy ideas through coalition
building, media outreach, publications, briefings, workshops
and task forces on the issues of energy efficiency and
renewable energy, transportation, smart growth, agriculture
and global climate change. Carol Werner leads the EESI
team as executive director.
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