Green Stimulus Funds Flow from Treasury Grants: Wind in the Sails of Cleantech
Important news yesterday that the Treasury Department has granted more than $500 million in grants to some major cleantech projects, most of them related to wind power. These grants are in cash versus the traditional 30 percent tax credit that companies had been receiving. Expect solar, wind and biofuels projects to receive additional funding in the coming months.
With new cash flowing in from the government, green VCs and foreign investors, the market is looking at a major rebound in Q4 and 2010. All of the positive news around financing should help offset falling solar panel prices, declining wind patents and biofuel production snafus, leading to a better green PR environment in the coming months.
Tags: cleantech+stimulus, cleantech+venture+capital, green+pr, green+vcs, solar+pr, stimulus+package, treasury+grants, wind+pr
Posted by Jason Morris on September 2, 2009 at 12:32 PM
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