Sepember 10, 2009
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Energy & Renewables Newsletter Sepember 10, 2009 |
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| This Week´s Featured News Stories |
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StatoilHydro inaugurates floating wind turbine
“Today, we’re inaugurating the pilot facility which could help floating wind turbines to make an important contribution in the longer term to meeting the world’s big demand for energy,” says Margareth Øvrum, executive vice president for Technology & New Energy (TNE) in StatoilHydro. Hywind is a good example of the way StatoilHydro’s long experience from the offshore oil and gas business can be applied to tomorrow’s market for renewable energy. The floating wind turbine has been delivered within budget and on schedule. “We’ve drawn on experience acquired during 30 years on the Norwegian ... |
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DOE and US Treasury award US$502m for renewable energy projects
The U.S. Treasury Department and DOE jointly announced $502 million in American Recovery and Reinvestment Act cash assistance on September 1 to energy companies in lieu of earned federal tax credits. This first round of awards is designed to create additional upfront capital, enabling companies to create jobs and begin construction on projects that may have been stalled until now. Ultimately, the program is expected to provide more than $3 billion in financial support for clean energy projects by providing direct payments rather than federal tax credits. These payments will support an estimated ... |
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