Renewable Energy (Wellspring)
The Wellspring program provides commercial, industrial and agricultural (CI&A) members with an easy, affordable and meaningful way to support renewable energy efforts. End-use members are able to offset conventional energy use and support renewable energy development.
The electricity generated by the renewable resources is fed into the region’s electric grid. Renewable Energy Credits (RECs) provide a tracking mechanism for the purchase of renewable energy that is added to and pulled from the electric grid. A REC embodies all of the environmental attributes of renewable generation. For every 1,000 kWhs of clean, renewable electricity generation, a REC is created. 1 REC = 1,000 kWhs = 1 MWh.
Great River Energy’s participating cooperatives have two offers:
| Name | Size | Corresponding Rate | Term |
|---|---|---|---|
| Wellspring C&I Tier 1 Energy | Small Business CI&A <1000MWh | $3 MWh | 1 year-suggested commitment with auto renew. Notice sent annually if REC rate is to change. |
| Wellspring C&I Tier 2 Energy | C&I <1000MWh | $4 MWh | 5 year maximum term. Early termination penalty applies. See contract for details. |
Category: Assistance Programs
More Assistance Programs
Electric forklifts offer lower operating and maintenance costs than propane or diesel lifts and offer several health and safety benefits.
Companies that convert from internal combustion (IC) to electric forklifts reduce operating costs in three ways:
Fuel – 40 cents of electricity...
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Our Electric Vehicle Charging program is available to all makes of Level 2 electric vehicle supply equipment (EVSE). Both purchased and leased equipment (minimum term 5 years) is eligible for rebates. Direct current fast charging (DCFC) does not qualify for this incentive. Qualifying charging equipment...
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The Energy & Design Assistance (EDA) program is for new construction or major renovation projects targeting 5,000 square feet or larger. EDA is a comprehensive approach to energy savings modeling above and beyond code requirements. A third-party engineering firm models energy savings based on specked...
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Our economic development team is committed to working with member-owner cooperatives to attract new commercial and industrial projects, while connecting them with resources to help existing businesses grow. From providing loans to helping plan and manage a business’ energy needs, we have the experience needed...
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CEE Loan Programs
For nonprofit organizations and their landlords statewide. Offers grants up to 25% net project cost for qualifying energy projects.
CEE Loan Offerings
Home improvement loans
Home energy loans
Solar energy loan
City-specific loan offerings
City of Minneapolis residential...
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MN Job Creation Fund
The Job Creation Fund provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. Companies deemed eligible to participate may receive up to $1 million for creating or retaining high-paying jobs...
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Purpose
To promote rural economic development and job creation projects.
Applicant Eligibility
Rural Utility Service (RUS) Electric and Telephone utility borrowers only.
Financially sound organization.
Current on all Federal debts.
Use of Loan Funds
Business...
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Tom Lambrecht