Stimulus act, federal budget include renewable energy funding

Ethanol Producer Magazine May 2009
By Ryan C. Christiansen

The $787 billion American Recovery and Reinvestment Act that President Barack Obama signed into law Feb. 17 includes $43 billion to support energy development, according to the White House. The Clean Energy Finance Authority program included in the recovery plan intends to revive the renewable energy industry and to double the amount of energy produced from renewable sources over the next three years. Collectively, this funding is expected to leverage nearly $100 billion in clean energy projects.

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