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Renewable and Clean Energy Technology Manufacturing get a boost

Posted on: 17/01/2010

Recovery Act Tax Credits to Enable More Than $7 Billion in New Manufacturing Projects and Create Tens of Thousands of Jobs Washington, 8 January 2010- Today at the White House, President Obama announced the award of $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States.  One hundred eighty three projects in 43 states will create tens of thousands of high quality clean energy jobs and the domestic manufacturing of advanced clean energy technologies including solar, wind and efficiency and energy management technologies. (…) This effort, along with other Recovery Act investments, will drive significant growth in the renewable energy and clean technology manufacturing sectors and give the United States the ability to lead globally in these markets.  The investment tax credits, worth up to thirty percent of each planned project, will leverage private capital for a total investment of nearly $7.7 billion in high-tech manufacturing in the United States.  The projects announced today address the broad spectrum of manufacturing capabilities needed to support a robust clean energy economy.  The projects were competitively selected through a rigorous merit review process and the companies chosen say they will create more than 17,000 jobs in some of the fastest growing parts of our economy. (…) http://www.energy.gov/news2009/8501.htm

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