Pennsylvania Energy Development Authority (PEDA)
The Pennsylvania Energy Development Authority (PEDA) is an independent public financing authority that was created in 1982 by the Pennsylvania Energy Development Authority and Emergency Powers Act and that was revitalized through an April 8, 2004, Executive Order. The authority's mission is to finance clean, advanced energy projects in Pennsylvania. Pennsylvania projects that could potentially qualify for funding from the Authority include solar energy, wind, low-impact hydropower, geothermal, biomass, landfill gas, fuel cells, integrated gasification combined cycle, waste coal, coal-mine methane, and demand management measures. The authority presently can award grants, loans, and loan guarantees. Tax-exempt and taxable bond financing for clean, advanced energy projects also are available through the Pennsylvania Economic Development Financing Authority (PEDFA).
COVID-19 PEDA Restart Grant
PEDA is offering an opportunity to apply for a PEDA Restart Grant to assist with the completion of eligible energy projects initiated but then disrupted due to the COVID 19 pandemic (COVID-19) response, including projects that were planned prior to COVID-19 but not yet started.
PEDA is offering approximately $2 million with individual awards not to exceed $250,000 for clean, advanced energy projects including the development and deployment of innovative, clean, advanced and efficient technologies; the generation of alternative energy or the production of alternative fuels; or the implementation of energy efficiency/demand side projects. Businesses conducting manufacturing or production operations related to alternative and clean energy projects in Pennsylvania are also eligible.
PEDA will receive competitive proposals/applications for funding requests to support the purchase of equipment and supplies. Applicants can request funds for retroactive costs, working capital or both, however applicants must propose a minimum 1:1 match consisting of all eligible costs as described in the solicitation that will be expended after the application submission date.
In order to insure good faith and project completion, all awarded Grantees will be required to purchase a surety bond in the total amount of the grant award and matching funds plus a 10% maintenance surety as a condition of receipt of the grant funds.
Applicants shall demonstrate how this award will mitigate the impact of a disruption experienced associated with the COVID 19 response and how the provision of a grant will enhance the ability to complete the project in an expeditious manner. This includes but is not limited to: Re-hire of workers or hiring of additional workers to complete the project quickly, ability to make immediate equipment payments to restart the supply chain, or opportunity to overcome lost revenue due to market stagnation. PEDA encourages the hiring of Pennsylvania contractors, suppliers, labor and minority, veteran, service-disabled veteran and women-owned businesses as a response to high job losses due to the COVID 19.
Applications will be accepted any time beginning on the grant opening date of August 17, 2020 until the application deadline of October 2, 2020 at 4 p.m. All applications must be submitted online through
DCED’s Electronic Single Application (ESA) system.