Tag: stimulus

ARRA SGIG Grants Taxable?

  Concern is mounting over whether the smart grid awards and project grants to be distributed by the Department of Energy (“DOE”) will be taxable in the hands of the recipients.  Certain grants administered by  federal, state, or local programs for renewable energy projects located in the US may be reportable by the recipient.  The 100 smart grid award recipients, who … Continue Reading

Upcoming Webinar: Stimulus Bill Part 3 – The DOE Loan Guarantee Program for Clean Energy Projects

We invite you to join us for the third installment of our complimentary Stimulus Bill Webinar series. This session will focus on the Department of Energy’s (DOE) Loan Guarantee Program, which received nearly $6 billion in Stimulus Bill funding. The DOE recently redesigned the program in an effort to bring private capital back to large-scale renewable energy … Continue Reading

First Treasury Grants in Lieu of ITC Awarded

Treasury Secretary Tim Geithner and Energy Secretary Steven Chu announced the first awards of cash grants in lieu of the investment tax credit (ITC) today.  The total award value was over $502 million.  Recipients include projects in Colorado, Connecticut, Maine, Minnesota, New York, Oregon, Pennsylvania and Texas.  Click here for a detailed list of the awards … Continue Reading

SHOW ME THE MONEY II AVAILABLE NOW

We announce the publication of the second edition to our “Show Me The Money – the Law of Stimulus Bill”. The second edition of the guide reviews the various programs and potential sources of federal funding for clean energy companies and projects. Like the first edition published in May, the second edition addresses funding opportunities … Continue Reading

Show me the Money: $66 Million for State Weatherization Assistance Programs

Today, the Department of Energy (“DOE”) announced more than $66 million in Recovery Act funding to four states for their weatherization assistance programs. The funding will help weatherize over 26,000 homes, lower energy costs, reduce pollution, and create green jobs across the country. Here is how the funds will be used in Alaska, Colorado, Connecticut and … Continue Reading

Show me the Money: DOE Proposes Amendments to its Loan Guarantee Program

Today, the Department of Energy (DOE) issued a notice of proposed rulemaking to amend 10 CFR Part 609, the rule regulating the loan guarantee program authorized by section 1703 of Title XVII of the Energy Policy Act of 2005.  The two principal goals of section 1703 of Title XVII are to encourage commercial use of new or … Continue Reading

Show me the Money: Green Jobs Grants

Recently, the U.S. Department of Labor has issued $500 million for green job training.  This money is being released through a series of competitive grants. If you are an organization within Washington State, the Governor’s Office requests that you submit a brief information form to the Governor’s Evergreen Jobs Leadership Team.  The Team is compiling … Continue Reading

Show me the Money: Recovery Act Finance Opportunities Conference

On July 17, 2009, the Puget Sound Regional Council hosted a Regional American Recovery and Reinvestment Act Coordination meeting.  At this meeting, there was a presentation on Bond Financing, Loan Guarantees, and Tax Credits plus a discussion on monetizing energy efficiency savings.  In case you missed this meeting, I want you to be aware of a couple … Continue Reading

SHOW ME THE MONEY:Funding of $85 million for Algal and Advanced Biofuels

  The U.S. Department of Energy (“DOE”) today announced Recovery Act funding of up to $85 million over a three year period for the development of algae-based biofuels and advanced, infrastructure-compatible biofuels. DOE wants leading scientists and engineers from universities, private industry, and government to collaborate in developing advanced biofuels and a thriving domestic bio-industry. … Continue Reading

Show Me the Money:$300 Million Rebate for Purchases of Energy Efficient Appliances

U.S. Department of Energy (DOE) Secretary Steven Chu today announced the availability of nearly $300 million in funding from the American Recovery and Reinvestment Act for state-run rebate programs for consumer purchases of new ENERGY STAR® qualified home appliances.   The new funding will be awarded according to a formula to states and territories that … Continue Reading

Treasury Issues Guidance on Applications for Grants in Lieu of the ITC and the PTC

  The American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in February, permits an applicant to receive a grant from Treasury in lieu of claiming investment tax credits (ITCs) or production tax credits (PTCs). Today the U.S. Treasury Department issued much-anticipated guidance concerning applications to receive cash grants in lieu of claiming … Continue Reading

Show Me the RMBs: Analysis of Foreign Investment Opportunities in China’s Stimulus Package

Stoel Rives attorneys Geoff Revelle and Jerry Chiang have written a detailed analysis of how foreign investors and companies can take advantage of China’s $4 trillion RMB stimulus package. Enacted in November 2008, the package focuses on 10 sectors of the Chinese economy, including rural infrastructure and health care, with the goals of creating jobs and increasing … Continue Reading

Show me the Money: Washington Regional Recovery Act Meetings

For those of you interested in Stimulus Funding for your Renewable Energy or Clean Tech projects, I will be attending most of the following  Prosperity Partnership’s Regional ARRA Coordination meetings. The meetings are located at the Puget Sound Regional Council’s meeting rooms at 1011 Western, Suite 500 in Seattle, WA. July 17 from 2-4 pm – Presentations regarding Recovery … Continue Reading

DOE Announces $59 million in Conditional Loan Guarantees

On July 2, 2009, the Department of Energy ("DOE") announced $59 million in conditional loan guarantees in the form of $16 million for a wind turbine assembly plant and $43 million for a 20 megawatt flywheel energy storage plant. Nordic Windpower, USA has been conditionally offered a $16 million loan to support the tooling and commercial-scale … Continue Reading

Prosperity Partnership Issues a Guide to Recovery Funds

  The Prosperity Partnership, a coalition of over 300 government, business, labor and community organizations from King, Kitsap, Pierce, and Snohomish counties in the state of Washington, has developed a beginner’s guide to the Recovery Act entitled: “A Basic Introduction to Energy-Related ARRA Funding Opportunities.” The goal of the guide is to help local (i.e. Washington state)  entities identify and … Continue Reading

Show Me the Money: $153 Million for Seven States

  U.S. Department of Energy Secretary Steven Chu today announced more than $153 million in Recovery Act funding to support energy efficiency and renewable energy projects in Arkansas, Georgia, Kentucky, Mississippi, Montana, New York, and the U.S. Virgin Islands. With today’s announcement, these states and territories will now have received 50% of their total Recovery … Continue Reading

Show me the Money: $12.9 million available for Geologic Sequestration Training and Research

The Department of Energy ("DOE") has released $12.93 million to fund geologic sequestration training and research. $7.93 million is available for awards to all universities, colleges, and college-affiliated research institutes and $5 million is available for awards to historically black colleges and universities or other minority institutes listed on the Office of Civil Rights’s accredited post secondary minorities institution … Continue Reading

SHOW ME THE MONEY: $4.15 Billion Available for Smart Grid Projects

 On June 25, 2009, the Department of Energy (“DOE”) issued a Funding Opportunity Announcement (“FOA”) to deploy over $4.15 billion from the American Recovery and Reinvestment Act (“Recovery Act”) to be used to fund smart grid projects. These funds are being deployed through two FOAs. The first FOA provides $3.4 billion to support the Smart … Continue Reading

U.S. Department of Labor Announces US $500M For Green Job Training

  U.S. Dept of Labor announced five grant competitions this week, totaling US $500 million, to fund projects out of Recovery funds that prepare workers for green jobs in the energy efficiency and renewable energy industries. Four of the competitions are designed to serve workers in need of training through various national, state and community outlets. These … Continue Reading

Show Me the Money: Minnesota, South Carolina, and South Dakota State Energy Programs Received $51.4 Million from the American Recovery and Reinvestment Act (ARRA)

On June 24, 2009, the Department of Energy (“DOE”) announced more than $204 million in ARRA funding to ten states for their State Energy Programs (“SEPs”). Here is a summary of how the monies will be used in Minnesota, South Carolina and South Dakota: Minnesota has been awarded $21.7 million in federal stimulus funds for … Continue Reading
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