Energy Initiatives Group Building Pipeline of Renewable Projects for Army Installations
The Army’s newly created Energy Initiatives Office Task Force is aiming to have multiple, large-scale renewable energy projects ready for solicitation by the spring or summer of 2012. The task force currently has 20 projects in the pipeline, Katherine Hammack, assistant secretary of the Army for installations, energy and environment, told the Army News Service.
Army Secretary John McHugh announced the creation of the new office last month to lead the service’s effort to partner with industry; the Army stood it up last week. The office’s goal is to attract private sector investors to develop utility-scale, renewable energy projects totaling 2.1 million megawatt hours at Army installations. That level of energy production will require private sector investment of up to $7.1 billion over the next 10 years, the Army estimates.
“To attract the private investments, we need to have biddable projects; we have to do our homework,” Hammack said. “We have to do our due diligence to make sure these projects have the appropriate information, facts and background that is necessary for a developer and for the finance community to invest in.”
The task force plans an industry day Oct. 27 at Fort Bliss, Texas; a summit is scheduled for Nov. 3 in Washington, D.C.