U.S. Treasury Now Accepting ITC Grant Applications
The U.S. Department of the Treasury and the U.S. Department of Energy on Friday announced that it is now accepting applications for the estimated US $3 billion that will be made available for the development of renewable energy projects around the country. This follow the guidance for the program being issued earlier this month.
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Sun Day Analysis: Renewables Account for 11% of US Energy Production
The latest issue of the Monthly Energy Review by the U.S. Energy Information Administration reveals that production of renewable energy for the first third of 2009 (January 1 - April 30) was six percent higher compared to the same time period in 2008. In April 2009 alone, renewable energy sources accounted for 11.1 percent of domestic energy production and exceeded the amount contributed by nuclear power, according to analysis done by the Sun Day Campaign
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DOE Will Provide US $30B in Loan Guarantees for Renewable Energy Projects
U.S. Energy Secretary Steven Chu said that Department of Energy (DOE) will provide up to US $30 billion in loan guarantees, depending on the applications and market conditions, for renewable energy projects. Another $750 million will support several billion dollars more in loan guarantees for projects that increase the reliability, efficiency and security of the nation’s transmission system.
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China Wind Systems Signs US $14M Contract to Supply Wind Tower Flanges
China Wind Systems Inc. has signed a $14 million contract to supply wind tower flanges to Chengxi Shipyard Co. Ltd. The agreement with Chengxi indicates that the company will deliver wind tower flanges from September 2009 to June 2010 in the amount of 800 to 1,200 tons per month, although the timing and price may be subject to adjustment by the Chengxi.
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