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United States: US Treasury allocates $2.2B in bonds for renewable energy.
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October 31, 2009
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COPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Byline: prashant03
As part of the Obama Administration's efforts to spur renewable energy production, the US Department of Treasury has allocated $2.2B in Clean Renewable Energy Bonds (CREBs) for 805 recipients across the country, including companies proposing the development of new hydro power schemes.
Funded by the Energy Improvement and Extension Act of 2008 and the American Recovery and Reinvestment Act of 2009 (Recovery Act), these energy bonds help government agencies, public power providers, and cooperative electric companies obtain lower cost ...
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