Initial Round of Cash Assistance for Wind, Solar Projects in Eight States
Will Create Jobs, Increase Development
WASHINGTON– 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 today 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. The new funding creates additional upfront capital, enabling companies to create jobs and begin construction that may have been stalled until now.
The Treasury Department opened the application process for the 1603 program on July 31, 2009 and is today making the first awards in half the statutorily mandated turnaround time of 60 days. The following is a chart of projects funded as part of today’s announcement. Additional awards under the program will be announced in the coming weeks.
|
STATE |
PROJECT |
LOCATION |
AMOUNT |
|
|
CO |
Movement Gym PV System (Solar) | Boulder, CO |
$157,809 |
|
|
CT |
Solaire Development, LLC | Danbury, CT |
$2,578,717.00 |
|
|
ME |
Evergreen Wind Power V, LLC |
Danforth, ME |
$40,441,471 |
|
|
MN |
Moraine II Wind Farm |
Woodstock, MN |
$28,019,520 |
|
|
NY |
Canadaigua Power Partners, LLC (Wind) | Cohocton, NY |
$52,352,334 |
|
|
NY |
Canadaigua Power Partners II, LLC (Wind) | Cohocton, NY |
$22,296,494 |
|
|
OR |
Wheat Field Wind Farm |
Arlington, OR |
$47,717,155.00 |
|
|
OR |
Hay Canyon Wind Farm | Moro, OR |
$47,092,555 |
|
|
OR |
Pebble Springs Wind Farm |
Arlington, OR |
$46,543,219 |
|
|
PA |
Highland Wind Farm | Salix, PA |
$42,204,562 |
|
|
PA |
Locust Ridge II, LLC (Wind) |
Shenandoah, PA |
$59,162,064 |
|
|
TX |
Penascal Wind Farm | Sarita, TX |
$114,071,646 |
|
|
$502,637,546 |