Over $3 million awarded to renewable energy projects

first_img## AttachmentSize CEDF_Jan_2010_Grants.doc30.5 KB The Vermont Clean Energy Development Board will award grants and low-interest loans supporting fifteen projects for a total of over $3 million from the Clean Energy Development Fund (CEDF) to renewable energy projects throughout the state. The awards will be made public at a press conference held on Friday May 14th at 1:30 at the Dynapower factory in South Burlington. Speaking at the event to announce the awards will be US Senator Patrick Leahy, Governor James Douglas, Robert Dostis, for the Clean Energy Development Board, and two grantees: Aaron Pollak from Dynapower Corp and Nancy Kane from Kane s Scenic River Farms. The Clean Energy Development Board is pleased to award $3.37 million for solar, wind, farm methane, and biomass energy projects throughout Vermont, said CED Board co-Chair Robert Dostis.These grants and loans allocate funds received by Vermont from the federal American Recovery and Reinvestment Act (ARRA) as well as Entergy Vermont Yankee. We are excited to put these funds to work helping to stimulate the economy, create jobs and increase renewable energy generation in many Vermont communities, said Sam Swanson, CED Board co-chair.Senator Leahy commented, This is a booster shot for Vermont s new energy economy portfolio.  These funds will help launch a mix of approaches, small and large, across our state.  It will help pave the way for the Vermont jobs of the future. Vermont is a leader in promoting renewable energy projects, said Governor Douglas. Not only will these funds help ensure a cleaner environment, they will help move our economy forward and create jobs now and in the future.The CEDF was created by the Legislature in 2005 to increase the development of renewable energy and combined heat and power technologies. The CEDF is funded by two MOU s with Entergy VT Yankee steaming from the plant s dry cask storage and power up-rate. In 2009, the fund received $31.5 million from the federal government under ARRA.In response to its January solicitation the CEDF received proposals from thirty-two different projects requesting over $7 million in financial assistance. >Source: CEDF. 5.14.2010. Montpelierlast_img

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