Government initiates $3bn renewables programme

Under the American Recovery and Reinvestment Act (Recovery Act), the programme, will provide direct payments in lieu of tax credits to an estimated 5,000 bio-mass, solar, wind, and other types of renewable energy production facilities.

Although it is not yet accepting applications for the funding, the Treasury has made programme terms and conditions, guidance, and a sample application available online at: http://www.treas.gov/recovery/1603.shtml. A web based application will be launched in coming

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