Investments (Always Open)
The WPPSEF seeks to develop a diversified portfolio of sustainable energy investments. Applications can be submitted at any time throughout the year. Applicants are required to complete an initial financing request form which provides the WPPSEF with an overview of the applicant’s project and financial needs.
After an initial review to determine if the project is aligned with the WPPSEF mission and is of benefit to the West Penn Power ratepayer, the Fund will request additional information to conduct its technical and financial due diligence. The Fund works with businesses throughout the application process to determine their financial needs. The specific terms and conditions of the financial support are determined on a case-by-case basis.
Although the WPPSEF is primarily focused on placing its funding in projects that provide a modest rate of return, the WPPSEF provides limited grant making.
The WPPSEF solicits grant requests through a competitive sustainable energy financing request-for-proposals (RFP) process. The RFP is typically released in the 3rd quarter of each year and is due in the January/ February timeframe of the following year.
The WPPSEF reserves the right to request additional information and conduct site visits if they are deemed necessary and to adjust the timing and frequency of its RFP solicitation based on program need and the availability of grant funding.