Stoel Rives LLP has published a guide to federal clean energy funding opportunities under the US $787 billion American Recovery and Reinvestment Act (ARRA). Signed into law by President Obama on February 17, 2009, ARRA contains almost $94 billion in investments and tax incentives for renewable energy, smart grid/transmission, energy efficiency, green vehicles and green job training.
The guide, entitled Show Me The Money, reviews the various programs and potential sources of federal funding for clean energy companies and projects. It separately addresses funding opportunities under the ARRA for the following energy industry areas: wind, solar, biofuels, biomass, smart grid, transmission, geothermal, marine and hydrokinetic, green building, energy efficiency, advanced battery and fuel cell technology, clean energy equipment manufacturing green vehicles and clean coal.
“We believe that the ARRA funding will provide an important and significant boost to the clean energy industry over the next 18 months,” said David Benson, a member and chair of the Stoel Rives BioEnergy Practice Group. “However, since the funding does not apply uniformly to all sectors of the industry, the opportunities that may apply to a particular company or project are often difficult to discern. Accordingly, we are happy to offer this guide for businesses looking to identify those programs and potential sources of funding specific to their company or project type.”
Click here to request a copy of the guide.
RenewableEnergyWorld.com caught up with Ed Einowski, a partner at Stoel Rives to talk about the stimulus package and the general state of wind energy finance. To hear what Einowski had to say, play the video below.