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RECOVERY ACT MAY STIMULATE COMMUNITY-SCALE WIND PROJECTS

Friday, January 8, 2010 - 1:30AM

Two renewable energy provisions included in the American Recovery and Reinvestment Act of 2009 may help shovel-ready community wind projects move ahead, according to a new report released yesterday by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (LBNL). “Community wind” power development refers to wind projects that are locally owned, consist of utility-scale turbines, and are interconnected on either the customer or utility side of the electric meter. The report, "Revealing the Hidden Value that the Federal Investment Tax Credit and Treasury Cash Grant Provide To Community Wind Projects," analyzed the impact of the ability for qualifying wind projects to choose either a 30 percent investment tax credit (ITC) or a 30 percent cash grant in lieu of the production tax credit (PTC).

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