Western Area Power Administration (WAPA) is seeking new applications from project developers interested in obtaining a loan to construct new or upgrade transmission lines and related facilities that promote the delivery of clean, renewable power. WAPA has $3.25 billion borrowing authority under the Transmission Infrastructure Program (TIP). The TIP was recently revised and details were outlined in an April 7 Federal Register notice.
TIP leverages WAPA’s depth of transmission project development experience and expertise, along with its statutory borrowing authority, to advance projects aimed at expanding and modernizing the electric grid to facilitate the delivery of reliable, affordable power from renewable energy sources. The TIP “is separate and distinct from Western’s power marketing functions, and each eligible project must stand on its own for repayment purposes,” WAPA said in the notice.
To be eligible, prospective projects must meet, at minimum, the following criteria:
- Deliver or facilitate the delivery of renewable energy resources
- Have at least one terminus (geographical point) in Western’s service territory
- Demonstrate a reasonable expectation of repayment
- Not adversely impact system reliability or operations
- Serve the public interest
“The doors are wide open. It’s time to solve the energy infrastructure needs for our nation’s future,” said WAPA Administrator Mark Gabriel. “Industry investments made today, like those offered through TIP, will ensure stability and reliability in the future.”
Applicants can either submit a project proposal and initial payment for the application review process, or submit a project proposal and business plan with full payment. WAPA’s staff will review the proposals quarterly and respond to applicants within 30 days of reviewing submissions.
For more information or how to apply, click here.