Investment positive
Positive Policy Development in USA
The house of democrats has passed a USD787 billion economic stimulus plan. A tenth of the USD787 billion will be alloted to enviromental endeavors. This package is supposed to stimulate the economy and create jobs. Following are some of the measures which will boost alternative source of energy:-
- The bill makes a provision of $6 billion in loan gurantees for renewable energy projects.
- The package has also crafted a news 30% tax credit for equipment and facilities that produce renewable energy generating materials.
- Plan also includes US$6.3 billion for energy efficiency and conversation grants, and another fund of US2.5$ billion for energy efficiency and renewable energy research.
To see full report: SUZLON ENERGY
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