Obama Budget Plan Proposes 29% Increase in Renewable Energy Funding

February 21st, 2012
Clean Tech/Green Energy

President Obama has renewed his proposal to cut over $40 billion in tax breaks for oil, gas and coal producers over the next decade in an attempt to spend more for alternate energy and conservation. The $3.8 trillion budget proposal represents a 29% increase in renewable energy funds in 2013, as compared to 2012.

As part of the budget proposal:

– the DOE is allotted $27.2 billion, $2.3 billion of which would go to the Office of Energy Efficiency and Renewable energy for biofuels, advanced vehicles, renewable electricity and research and development.

– the USDA budget would decrease by 3% to $23 billion.

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Florida Bioenergy Project Closes $75M Loan

August 23rd, 2011
Clean Tech/Green Energy

INEOS New Planet BioEnergy’s Indian River BioEnergy Center is now the first  large-scale advanced biorefinery facility in U.S. to close financing in latest round of USDA backed financing. The company announced last week that it has closed $75 million in private financing utilizing the USDA loan guarantee program.

The program will use  feedstock-flexible BioEnergy technology, which turns various waste materials into biofuels and renewable energy by using a combination of gasification and fermentation technology.

As part of the government’s goal to replicate the technology, INEOS Bio plans to enter licensing agreements with third parties to build similar commercial bioenergy plants around the

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Georgia Solar Tax Credits Spur Economic Growth

May 13th, 2011
Clean Tech/Green Energy

Georgia Solar Tax Credits Spur Economic Growth

ATLANTA, May 12, 2011 /PRNewswire/ — With the signature of Governor Nathan Deal, Georgia’s solar energy tax credit is increasing to $5 million annually in 2012, 2013 and 2014 from the current $2.5 million yearly limit. The new law, which the General Assembly approved last month, helps ensure that the vibrant solar energy industry in Georgia continues to thrive, creating jobs and new investment opportunities statewide.

Businesses are eligible to receive up to $500,000 in tax credits to offset the cost of installing solar photovoltaic

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