Week of April 12 – to – April 16, 2010
This week, industry groups released a slew of optimistic reports that highlighted the robust health of the U.S. clean energy sector. In 2009, U.S. solar capacity grew by 29 percent, according to the Solar Energy Industry Association. Wind, according to the American Wind Energy Association, was up by 40 percent. Geothermal capacity increased by a more modest six percent for the year, said the Geothermal Energy Association.
Those positive numbers were largely expected considering the unprecedented stimulus money that flowed into the sector since the Obama administration took over more than a year ago. Wind and solar developers (and project finance banks) have flocked to programs like the 1603 direct cash-grants, implemented in lieu of the investment tax credits. Indeed, with bank credit committees more selective these days, having government dollars helps.
Continue reading The Week In Green Energy: Tracking The Green Dollar