Weekly Clean Energy Roundup: August 5, 2009

DOE, Treasury Take Applications for Renewable Energy Project Payments DOE: $30B in Loan Guarantees for Renewable Energy Projects DOE: $11.8M for Solar Grid Integration Systems DOE: $28M to National Labs for Bioenergy, Smart Grids EPA Names Top 20 Organizations Using On-Site Renewable Energy NASA Offers a $1.5M Prize for Fast, Fuel-Efficient Aircraft Report: Next Decade will Determine America’s Energy Future DOE, Treasury Accept Applications for Renewable Energy Project Payments DOE and the U.S. Department of the Treasury are now accepting applications from renewable energy project developers that wish to receive direct federal payments in lieu of tax credits. The direct-payment program is meant to address a lull in demand for federal tax credits, which has hampered the financing of renewable energy projects. To help remedy this situation, DOE and the Treasury Department estimate they will distribute at least $3 billion in direct payments to about 5,000 facilities using biomass energy, solar energy, wind power, and other types of renewable energy. The funding for this effort is made available through the Recovery Act (ARRA). The ARRA authorized the Treasury Department to make direct payments to companies that create and place in service renewable energy facilities beginning January 1, 2009. Previously, these […]

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