There are many hurdles for connecting renewable energy projects to the existing electric power grid involving transmission lines, substations, regulatory processes and more. The good news is that both industry and government groups have invested in research on how to better connect renewable energy projects to the grid and how to construct a smart grid that can support a clean energy future.
Washington DC — The U.S. Department of Energy (DOE) has announced it will provide up to $750 million in funding from the American Recovery and Reinvestment Act to help accelerate the development of renewable energy generation projects. This funding will cover the cost of loan guarantees which could support as much as $4 to 8 billion in lending to eligible projects, and the Department will invite private sector participation to accelerate the financing of these renewable energy projects.
Durham, N.C. - As the country continues to support greater reliance on wind energy for electricity generation, the wind industry could restore some jobs lost in the automotive industry and create many new jobs across the value chain, according to a new report released by the Center on Globalization, Governance & Competitiveness (CGGC) at Duke University.
Washington, Sept. 24, 2009 - Agriculture Secretary Tom Vilsack today announced that 58 recipients have been selected to receive $8 million in grants to spur economic development in rural communities in 41 states, the Territory of Puerto Rico and the Western Pacific. Minnesota-based Windustry has been selected to receive a $200,000 grant to form the Landowner Wind Energy Association Resource Center.
Washington, D.C. - The U.S. Treasury Department has announced the second round of awards for cash assistance to energy producers in place of tax credits. This provides provides an additional $550 million, bringing the total to more than $1 billion awarded to dateto companies committed to investing in domestic renewable energyproduction.
A new study released by the Minnesota Office of Energy Security shows that the state's power grid could accomodate 600 megawatts of new renewable energy capacity by making upgrades to electric transmission systems. A previous study had shown that another 600 MW could be added to the existing tranmission grid without impacting it's performance.
The Minnesota Clean Energy Resource Teams (CERTs) is providing financial assistance for energy efficiency and/or renewable energy projects requiring technical assistance. Project funding can support technical assistance services (labor costs only, such as for a consultant, design professional, installer or student labor), for projects in all seven Minnesota CERT regions (Central, Metro, Northeast, Northwest, Southeast, Southwest and West Central).
All applications are due no later than 4:30pm, November 2nd, 2009.
Washington, D.C. - Marking a major milestone in the effort to spur private sector investments in clean energy and create new jobs for America's workers, Treasury Secretary Tim Geithner and Energy Secretary Steven Chu announced $502 million in the first round of awards from an American Recovery and Reinvestment Act (Recovery Act) program that provides cash assistance to energy production companies in place of earned tax credits.
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