Application Submission Process and Fees
To be considered for project development assistance from TIP, a Project Applicant must submit a Project Proposal and Business Plan Proposal, along with advance payment to cover the costs associated with application screening and evaluation.
There are two options for submitting proposals and payment to apply for assistance from TIP.
Option 1: Submit Project Proposal and Initial Payment of $50,000
This option allows applicants who have not yet developed a full Business Plan Proposal to apply for TIP with a project proposal and partial application payment.
The project proposal should provide an outline of the proposed project, and must, at minimum, include:
- A detailed description of the proposed project (including transmission route information, or commercially financeable energy storage or other grid technology design, if applicable, and a preliminary financial model)
- The proposed role for TIP during project development
- Sufficient information to demonstrate the project meets, or is reasonably expected to meet, TIP's project criteria.
Option 2: Submit Project Proposal, Business Plan Proposal and Full Payment of $250,000
This option allows applicants who have developed a full Business Plan Proposal to submit a Project Proposal (see description under Option 1, Business Plan Proposal and full payment of $250,000. The Business Plan Proposal is a preliminary plan prepared by the Project Applicant that includes project development, commercial and financial plans supported by financial model projections. Based on the project development assistance received, this detailed, comprehensive document will mature and be revised by the Project Applicant as needed to prepare the project for loan financing.
For both options, payment is due within three business days of the application submittal.