Smart Renewables and Electrification Pathways (SREPs) Program

By mmuise
Description:

The Smart Renewables and Electrification Pathways Program (SREPs) provides up to $964 million over four years for smart renewable energy and electrical grid modernization projects. This program will significantly reduce greenhouse gas emissions by encouraging the replacement of fossil-fuel generated electricity with renewables that can provide essential grid services while supporting Canada’s equitable transition to an electrified economy.
The Program includes four distinct deployment streams:
1. Established Renewables,
2. Emerging Technologies,
3. Grid Modernization (only eligible applicants are Utilities and System Operators),


Comments on Funding:

Funding will take the form of a grant of maximum $25,000,000 and up to:
1. 10% of total project costs for Established Renewables;
2. 30% of total project costs for Emerging Technologies;
3. 30% of total project costs for non-utility led Grid Modernization;
4. 50% of total project costs for utility led Grid Modernization;
5. up to 50% of total costs for Established Renewables, Emerging Technologies and Grid Modernization if the percentage of Indigenous Ownership is at least:
a) 25%, and the total project costs are less than $100 million;
b) 20%, and the total project costs are between $100 million and $200 million;
c) 15%, and the total project costs are between $200 million and $300 million;
6. up to 75% of total costs for Established Renewables, Emerging Technologies and Grid Modernization if the percentage of Indigenous Ownership is at least 51%;

Grants for Indigenous Engagement Activities: Funding is up to $50,000 per Applicant per fiscal year, to support Indigenous engagement and consultation activities.

The maximum level of total Canadian government funding authorized under this Program is:
- 75% of Total Project Costs for for-profit organizations;
- 100% of Total Project Costs for provincial, territorial, and municipal governments or their departments and agencies, as well as Indigenous Recipients and non-profit organizations.

Deadline: Currently accepting applications for capacity building and Indigenous engagement activities
Eligibility:

Applicants must be owners of Eligible Projects and may include:

  • legal entities validly incorporated or registered in Canada;
  • provincial, territorial, regional and municipal governments and their departments and agencies;
  • Indigenous communities and governments, Tribal Councils, National and regional Indigenous councils or organizations, and Indigenous (Majority owned and controlled by Indigenous peoples) for-profit and not-for-profit organizations.

    Applications can only be submitted by a single entity. Where an Applicant is a newly formed Limited Partnership, the Program may require the Applicant to secure a Guarantor for the Project. The Guarantor will be required to sign a form of Guarantee, as provided by the Program, of an amount up to the proposed Program funding amount.

    Eligible Projects by Stream:
  • Established Renewables (e.g., Onshore wind, Solar photovoltaic (including bi-facial), Small hydro, Biomass (heat and/or electricity));
  • Emerging Technologies (e.g., offshore wind, geothermal (heat and/or electricity), concentrated solar power, energy storage, renewable community heating, water current, tidal or wave, retrofits to enable grid services on existing renewable energy or energy storage plants);
  • Grid Modernization (e.g.,advanced distribution management system, data management and communication, demand management, distributed energy resource management system, energy storage, electricity market reform, electric vehicle integration, grid monitoring and automation, hardware or software retrofits to an existing renewable energy or energy storage project to enable grid service capabilities, microgrid, software or hardware to enable aggregating distributed energy resources, utility system software and hardware upgrades).

Application Steps:

Applicants must:

1. complete and submit the Project Registration Form through the Integro portal.

2. submit a Technical and Financial Project Application along with all relevant attachments, fi invited. Invitations to submit will be sent to Applicants within 10 business days of receipt of a Project Registration Form. NRCan will have 90 business days to review the information provided under the Technical and Financial Project Application and determine the eligibility of the Project for a contribution agreement.

3. Following Project Evaluation, the Program will seek Project approval. If the Project Application is approved, the Program will begin negotiation of the contribution agreement with the Applicant.

Documentation Needed:

The applicants must submit:
1. documentation of the Project component’s technical characteristics (i.e., PV modules, wind turbines, inverters, battery specification sheets, power curves);
2. a Canadian Cyber Security Tool (CCST) virtual self assessment;
3. a system diagram in the form of either a Single Line Diagram (SLD) for electrically connected projects, or a network diagram for projects where a typical SLD would not be applicable;
5. a site-specific resource assessment, energy yield assessment and/or feasibility study which has been completed for the Project by an experienced meteorologist, specialist or engineer;
6. a confirmation in the form of a term sheet or letter of intent to finance, if the project will be obtaining financing from a second party;
7. 2 years of financial statements (may provide a link if available publicly online);
8. financial statements of parent organizations, if the Applicant is a newly formed organization such as a limited partnership;
9. a budget application form;
10. a description of the environmental surveys and assessments required for the specific project site(s), including the expected timelines for approval;
11. the status of the project’s designation under the Impact Assessment Act, if the project is located on federal lands;
12. a confirmation that the Applicant has acquired the land access rights required to complete the project;
13. a site map, outlining the project boundaries and the land to which access rights have been acquired;
14. legal documentation outlining the percentage of Indigenous ownership in the Project (only applicable to partially or fully Indigenous-owned Applicants).

Other Things to Note:

The program is fully allocated and is currently only accepting proposals for capacity building and Indigenous engagement activities.

To receive future program updates by email, send an email to sreps-erite@nrcan-rncan.gc.ca to be added to the SREPs distribution list.

Date modified: 2023-11-03

About the author
mmuise