The CEPP will cover up to 90% of eligible development costs to a maximum of C$200,000 for community power projects greater than 10 kW and no larger than 10 MW. Charities, not-for-profits and co-ops will be eligible for the fund, as well as projects developed by individual Ontario residents, such as farmers.
‘Financial barriers are a significant impediment to communities developing their own green power projects,’ says Laurie Arron, program director for the CEPP. ‘The CEPP will provide vital seed capital for those interested in developing their own renewable energy projects.’
Funding under the CEPP is divided into two phases. The first phase involves project design and development. Examples of costs covered by the CEPP include engineering studies, business plan development and connection impact assessments.
The second phase provides funding support for regulatory approvals, including federal and provincial environmental assessments and the province's renewable energy approval.Â
SOURCE: Ontario Power Authority Â
