Financing renewable energy projects: Leveraging resources for long-term sustainable impacts

Abstract

The Mississippi Department of Marine Resources (MDMR) has developed the Powering Renewal project to help Gulf Coast communities rebuild with clean energy. This project will support the installation of three renewable energy demonstration projects on the Mississippi Gulf Coast. The MDMR has contracted with CDM, a global consulting, engineering, construction and operations firm, to execute the Powering Renewal project. Funding for the project was made available through the Coastal Impact Assistance Program (CIAP) funds. CIAP authorizes funds to be distributed to outer continental shelf (OCS) oil and gas producing states to mitigate the impacts of OCS activities.