Rendell Announces Clean Energy Investment

NAW staff, Tuesday 21 October 2008 - 10:35:48

Gov. Edward G. Rendell, R-Pa., has announced the investment of nearly $12 million in clean energy projects that will create at least 1,200 full- and part-time jobs and attract nearly $118 million in private investment.

"We are investing in Pennsylvania businesses and organizations that are committed to the development of clean-burning, home-grown fuels and renewable energy sources," says Rendell. "The investment in innovative technologies and energy efficiency will help drive energy costs down, provide affordable energy, create good-paying, green jobs in communities throughout the state and reduce our dependence on foreign fuel."

The projects, approved by Pennsylvania Energy Development Authority (PEDA), are expected to generate at least 488,363 MWh of electricity and conserve another 2,500 MWh.

The Alternative Energy Investment Fund, signed by Rendell in July, will invest $665.9 million, $237.5 million of which is specifically targeted towards helping consumers conserve electricity and manage higher energy prices, and $428.4 million to spur the development of alternative energy resources and to create at least 10,000 jobs in these industries.

Applicants for PEDA financing can seek grant assistance to help pay for capital costs for a variety of advanced energy projects, such as solar energy, wind, low-impact hydropower, geothermal, biologically derived methane gas, biomass and more.

Applicants with projects related to distributed generation for critical public infrastructure are particularly encouraged to apply. PEDA financing is available to organizations operating in Pennsylvania and to those businesses interested in locating advanced energy operations in the state.

SOURCE: Pennsylvania Office of the Governor



this content item is from North American Windpower
( http://www.nawindpower.com/e107_plugins/content/content.php?content.3006 )