Treasury, Energy Announce $500 Million in Recovery Act Awards for Clean Energy Projects

Treasury Website ^ | September 1, 2009 | Treasury

[b4its2late]

Initial Round of Cash Assistance for Wind, Solar Projects in Eight States
Will Create Jobs, Increase Development

WASHINGTON– Marking a major milestone in the effort to spur private sector investments in clean energy and create new jobs for America's workers, Treasury Secretary Tim Geithner and Energy Secretary Steven Chu today announced $502 million in the first round of awards from an American Recovery and Reinvestment Act (Recovery Act) program that provides cash assistance to energy production companies in place of earned tax credits. The new funding creates additional upfront capital, enabling companies to create jobs and begin construction that may have been stalled until now.

"The Recovery Act is investing in our long-term energy needs while creating jobs in communities around the country," said Treasury Secretary Tim Geithner. "This renewable energy program will spur the manufacture and development of clean energy in urban and rural America, allowing us to protect our environment, create good jobs and revitalize our nation's economy."

Said Secretary Chu: "These grants will help America's businesses launch clean energy projects, putting Americans back to work in good construction and manufacturing jobs.  The initiative will help double our renewable energy capacity over the next few years and make sure America leads the world in creating the clean energy economy of the future."

Created under Section 1603 of the Recovery Act, the program is expected to provide more than $3 billion in financial support for clean energy projects by providing direct payments in lieu of tax credits.  These payments will support an estimated 5,000 bio-mass, solar, wind, and other types of renewable energy production facilities in all regions of the country over the life of the program.  As a result of this first round of funding, more than 2,000 Americans will have access to jobs in the renewable energy industry – both in construction and in manufacturing – while moving the nation closer to meeting the Administration's goal of doubling renewable energy generation in the next few years.

The Treasury Department opened the application process for the 1603 program on July 31, 2009 and is today making the first awards in half the statutorily mandated turnaround time of 60 days. The following is a chart of projects funded as part of today's announcement. Additional awards under the program will be announced in the coming weeks.

 

STATE	PROJECT	LOCATION	AMOUNT
CO	Movement Gym PV System (Solar)	Boulder, CO	$157,809
CT	Solaire Development, LLC	Danbury, CT	$2,578,717.00
ME	Evergreen Wind Power V, LLC	Danforth, ME	$40,441,471
MN	Moraine II Wind Farm	Woodstock, MN	$28,019,520
NY	Canadaigua Power Partners, LLC (Wind)	Cohocton, NY	$52,352,334
NY	Canadaigua Power Partners II, LLC (Wind)	Cohocton, NY	$22,296,494
OR	Wheat Field Wind Farm	Arlington, OR	$47,717,155.00
OR	Hay Canyon Wind Farm	Moro, OR	$47,092,555
OR	Pebble Springs Wind Farm	Arlington, OR	$46,543,219
PA	Highland Wind Farm	Salix, PA	$42,204,562
PA	Locust Ridge II, LLC (Wind)	Shenandoah, PA	$59,162,064
TX	Penascal Wind Farm	Sarita, TX	$114,071,646
			$502,637,546

[Nachum]

The list, ping

[q_an_a]

it would be nice to see who are the board memebers and investors of these well placed wind farms.

[AmericanVictory]

But note one dime for cleaner and better oil technology which either already exists or can be quickly developed by allowing the market to function, which could be done by largely shutting down ehtanol subsidies, the departmnt of energy and a number of other market-restoring measures.

[Cheerio]

Just more ‘Spread the Wealth’ for the greenie environMETNALists. Please God, make this all stop.

[RatRipper]

Also related companies. Notice the missing Red States. Zer0 is stealing from those who didn’t vote for him and rewarding those who did. What a uniter,that guy Zer0!

He is President and King of everybody in the US . . . NOT!!!!!

[TLI]

Well just yippee, eh? Glad to see the government azzholes are sooooo enthused about spending my money on their useless crap.

I wonder what happened to "clean coal," the new technology nuclear energy and new technology outer continental shelf exploration and drilling of those oil resources?

You know, like the $2 billion (and increasing) dollars from American TAXPAYERS the worthless fraud "president" is GIVING to Brazil so THEY can drill off our shores...

I guess Americans get a f****** pinwheel and a AAA battery.

Thanks Barry

commie bass-turd…

[dalebert]

HOw much for off shore drilling.....?????

[b4its2late]

Evergreen Wind Power V, Llc is a private company categorized under Power generating equipment installation and located in Wilmington, DE. Current estimates show this company has an annual revenue of $80,000 and employs a staff of approximately 1.

[q_an_a]

This is the kind of crap that only the corruption of Washington could create. There are wind power companies, like Florida Power, and others that have haeavy employment and big plans. Why would someone with one employee get a contract for -— million dollars??? Conservatives and libertarians should be screaming about the corrutpion of power and how money creates greed and sneaky deals making cognressmen like Rangel rich at our expense or worse convicts.