CPUC raises incentive cap to 3 MW

The California Public Utilities Commission (CPUC) has raised its Clean Energy Incentive Cap for on-site power to 3 MW and increased the funds available for larger projects by US$96 million.

Clean energy projects qualifying for funds under the state’s Self-Generation Incentive Program (SGIP) will benefit from an expansion of the scheme in 2008 and 2009 with an additional $96 million of unspent SGIP funds from prior years.

The new ruling is effective immediately.

The SGIP was created in 2001 to use distributed generation resources to reduce greenhouse gases and it currently extends through to the end of 2011.

The programme is administered by California’s utilities.

The first 1 MW of a project is entitled to 100% of the incentive, the second MW of power is eligible for 50% of the incentive, and the third MW receives 25%.

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