Stoel Rives LLP, a full-service U.S. business law firm, has published a guide to federal clean energy funding opportunities under the $787 billion American Recovery and Reinvestment Act (ARRA).Â Signed into law by President Obama on Feb. 17, ARRA contains almost $94 billion in investments and tax incentives for renewable energy, smart grid/transmission, energy efficiency, green vehicles and green job training, Stoel Rives says.
Titled ‘Show Me The Money,’ the guide reviews the various programs and potential sources of federal funding for clean energy companies and projects. The guide separately addresses funding opportunities under the ARRA for several different forms of energy, including solar. Stoel Rives will also continue to track the frequent updates and funding notices at the federal and state level that may also be of interest.
‘We believe that the ARRA funding will provide an important and significant boost to the clean energy industry over the next 18 months,’ says David Benson, a member and chair of the Stoel Rives bio-energy practice group.Â ‘However, because the funding does not apply uniformly to all sectors of the industry, the opportunities that may apply to a particular company or project are often difficult to discern.’
The guide is available on request at www.stoel.com/lawofseries.
SOURCE: Stoel Rives LLP