Cohocton Wind Watch: Recovery Act Announcement: Treasury, Energy Announce $500 Million in Awards for Clean Energy Projects
Cohocton Wind Watch is a community citizen organization dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life in Cohocton, NY and in surrounding townships. Neighbors committed to public service in order to achieve a reasonable vision for a Finger Lakes region worthy of future generations.


READ about the FIRST WIND Connection to the Obama Administration

Industrial Wind and the Wall Street Cap and Trade Fraud




********************************************************************

Tuesday, September 01, 2009

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

Maine Evergreen Wind Power V, LLC is part of First Wind

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 biomass, 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
Colorado Movement Gym PV System (Solar) Boulder, Colorado $157,809
Connecticut Solaire Development, LLC Danbury, Connecticut $2,578,717
Maine Evergreen Wind Power V, LLC Danforth, Maine $40,441,471
Minnesota Moraine II Wind Farm Woodstock, Minnesota $28,019,520
New York Canadaigua Power Partners, LLC (Wind) Cohocton, New York $52,352,334
New York Canadaigua Power Partners II, LLC (Wind) Cohocton, New York $22,296,494

Oregon Wheat Field Wind Farm Arlington, Oregon $47,717,155
Oregon Hay Canyon Wind Farm Moro, Oregon $47,092,555
Oregon Pebble Springs Wind Farm Arlington, Oregon $46,543,219
Pennsylvania Highland Wind Farm Salix, Pennsylvania $42,204,562
Pennsylvania Locust Ridge II, LLC (Wind) Shenandoah, Pennsylvania $59,162,064
Texas Penascal Wind Farm Sarita, Texas $114,071,646
$502,637,546

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home


Click on link to submit your SEC complaint on the
First Wind Holdings Inc. IPO public offering


TEN Reasons
Why the SEC should not allow First Wind to be listed on NASDAQ

First Wind Holdings Inc. 12/22/09 SEC S1/A IPO Filing

First Wind Holdings Inc. 7/31/08 SEC S1 IPO Filing

May 14, 2010 addition to the First Wind Holdings Inc. SEC S1A IPO Filing

August 18, 2010 amendment 7 to the First Wind Holdings Inc. SEC S1A IPO Filing

October 13, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing

New October 25, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing


FIRST WIND Lays an Egg WITHDRAWS IPO
after Wall Street no confidence in company




Send email request to join - RIWT Facebook Groupsplus
cohoctonwindwatch@gmail.com

RIWT is open to the public

Risks of Industrial Wind Turbines is a group of citizens and organizations dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life of residents and future generations.

**************