in News Departments > New & Noteworthy
print the content item

The Internal Revenue Service, Washington, D.C., has announced that a total of 610 projects for state and local governmental borrowers and for electrical cooperative borrowers will be awarded $800 million over the next two years to support clean energy projects under the Clean Renewable Energy Bonds (CREBs) program.

Under the act, potentially qualified types of projects include wind, closed-loop and open-loop biomass, geothermal, solar, small irrigation power, landfill gas, trash combustion, refined coal production and certain hydropower facilities. Of the approved government projects for the government borrowers, 401 are for solar facilities, 99 for wind, 23 for landfill gas, eight for hydropower and one for an open-loop biomass facility. Among the projects approved for the cooperatives, 33 are for solar, 13 for wind, 13 for landfill gas, 12 for open-loop biomass, six for hydropower and one for a refined coal production facility.

Overall, there were 709 total applications from 40 different states and the District of Columbia requesting allocations for approximately $2.6 billion in CREBs to finance 786 projects. There were 231 proposed projects in California, 67 in New Mexico, 64 in Minnesota, 41 in New Jersey, 38 in Montana, 27 in Colorado, 24 in Massachusetts, 13 in New York and 12 in Ohio, the IRS says. The size of the proposed projects in the applications ranged from $23,000 to $80 million.


Helukabel_id1908
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

WomenofWind_id
UEA_id1896
Acciona_id1907
JLG_id1900
bonfiglioli_id1913
AWEA_id1886