CleanTech OC Daily - 4/9/12

Monday, April 9, 2012

Geothermal Projects Less Vulnerable to Subsidy Cuts
According to the ED of the Geothermal Energy Association, geothermal energy projects are less vulnerable to federal subsidy cuts than wind farms because they take longer to complete. Growth of geothermal projects will likely continue due to 100 megawatts of capacity to be added paired with a tax credit for wind farms which ends this year.  

A new report from the Department of Energy’s National Renewable Energy Labs says that the clean power cash grant program, which expired at the end of 2011, was working and creating jobs (75,000) and economic output ($44 billion). In the wake of the 2008/2009 recession, the program (funded by the stimulus package) was seen as a way to help spur clean power project development.

The UK has detailed plans to roll out more than 50 million gas and electricity meters to 30 million homes and businesses by 2020. The upgrade is estimated to deliver $11 billion in net benefits.

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