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

   Read About American Recovery and Reinvestment Act Awards