U.S. Doles Out Grants for Energy Projects - WSJ.com: "The U.S. government handed out $502 million in grants for a dozen wind- and solar-power projects from Maine to South Texas, the first round in a new subsidy program designed to spur renewable-energy investment.
The program appears to be accomplishing two of the Obama administration's goals: producing employment and encouraging renewable-energy development. The approved energy projects have created about 2,000 jobs and capacity to generate 850 megawatts of clean electricity, enough for nearly 500,000 homes.
But while the wind farms and solar installations are in the U.S., the profits from these projects are flowing mainly to European companies and developers owned by private-equity investors.
Iberdrola SA, the Spanish wind-power giant, was awarded $294 million for five projects. Spokesman Keith Grant said the grants are 'crucial to pushing ahead' with U.S. wind projects."
No comments:
Post a Comment
Spamming will be removed.
Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.
Note: Only a member of this blog may post a comment.