New U.S. finance tool for renewable energy launched
Reuters, 27 October 2009 - The U.S. Treasury on Tuesday authorized
more than 800 governmental agencies and power companies to issue $2.2 billion of
Clean Renewable Energy Bonds, a financing tool included in the economic stimulus
plan for developing alternative energy generation.
"Because of the Clean Renewable Energy Bonds awards announced today, energy
developers will be able to access lower-cost credit to help make the shift to
clean renewable energy production, benefiting both our economy and our
environment," said Treasury Deputy Secretary Neal Wolin in a statement.
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