Congress to Decide on Renewable Energy Provision in Tax Bill

14 Dec

ACORE is pumping out the PR now that Congress is poised to either let die or renew a provision created by the staff of the U.S. House of Representatives Ways & Means Committee in January 2009. The provision being considered in the pending tax bill will potentially support or inhibit renewable energy projects in 2011. It appears California, Arizona, and Wyoming stand to gain the most based on an analysis prepared by the US Partnership For Renewable Energy Finance (US PREF)..

Here’s the full press release provided by ACORE:

Congress Poised to Save $25 Billion of Renewable Energy Projects in 17 States;
Key Vote Due on the “1603” Incentive for American Entrepreneurs;

California, Arizona and Wyoming to Stand to Benefit the Most

December 14, 2010 – Washington, DC: The US Partnership For Renewable Energy Finance (US PREF) introduced an analysis that a provision being considered in the pending tax bill stands to save at least $25 billion of renewable energy projects in 17 states in 2011, among which California, Arizona, and Wyoming stand to gain the most. Read more

Electric Benz – Daimler 10 Percent Stake in Tesla Motors

19 May

Electric Benz - Daimler Takes 10 Percent Stake in Tesla MotorsDaimler’s interest in battery systems, electric drive systems and related vehicle projects leads to the automaker acquiring nearly 10 percent of one of the leading electric vehicle companies, Tesla Motors Inc. Read the full story and MB press release at AMG Market | Mercedes-Benz Enthusiasts here.