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Renewable Energy Bonds announced

New U.S. finance tool for renewable energy launched  Oct 27, 2009  by Lisa Lambert WASHINGTON (Reuters) – The U.S. Treasury on Tuesday authorized more than 800 governmental agencies and power companies to issue $2.2 billion of Clean Renewable Energy Bonds, a financing tool included in the economic stimulus plan for developing alternative energy generation.”Because of the Clean Renewable Energy Bonds awards announced today, energy developers will be able to access lower-cost credit to help make the shift to clean renewable energy production, benefiting both our economy and our environment,” said Treasury Deputy Secretary Neal Wolin in a statement.The program only touches a handful of states………………..The law capped the allocations for public power companies at $800 million, despite the 38 applications totaling $1.44 billion that the federal government received.

New U.S. finance tool for renewable energy launched | Reuters

October 28, 2009 - Posted by Christina Macpherson | 1, ENERGY, USA | renewables