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<br /> Joint Development Authority <br />TCAAP Redevelopment Project <br />Joint Development Authority <br />TCAAP Redevelopment Project <br />development (current building code, natural gas) to an all-electric development with high-performance <br />buildings would reduce greenhouse gas emissions from the site by over 90%. The remainder of the site’s <br />energy needs could be met by a combination of on-site renewable energy generation (primarily solar <br />photovoltaic) and purchasing carbon-free electricity from Xcel Energy’s Renewable*Connect program, <br />making Rice Creek Commons completely carbon-free. The potential increased costs of high-performance <br />buildings and green energy infrastructure can be offset by a range of rebates and funding sources, <br />including Inflation Reduction Act incentives, Xcel Energy rebates, and the MN Climate Innovation <br />Finance Authority (MNCIFA or Green Bank). <br />Based on this evidence, an all-electric, carbon-free development is technically and financially feasible at <br />Rice Creek Commons. <br /> <br />Attachment: <br />Rice Creek Commons Clean Energy Analysis Report <br /> <br />Action Requested: <br />Adopt the Clean Energy Policy: Rice Creek Commons will be an all-electric, carbon-free development. <br /> <br />