State to start issuing energy grants, loans

Posted on March 29, 2008. Filed under: Biomass, Digesters, Energy Finance, General, Solar, Vehicles - Ethanol, Vehicles - Vegetable oil, Wind, Wood |


From an article by Rick Barrett in the Milwaukee Journal Sentinel:

Businesses and researchers may soon apply for state grants and loans aimed at developing renewable energy, Gov. Jim Doyle said Tuesday.The state expects to award about $15 million per year for 10 years from the newly created Wisconsin Energy Independence Fund, Doyle said at a news conference at Johnson Controls Inc.The money will be used to support research and development of renewable fuels and encourage businesses to adopt new technologies that save energy and use renewable energy.

Typical grants are expected to range from $100,000 to $500,000. Matching funds of at least 50% of total project costs must come from other sources, according to the state Department of Commerce.

Doyle laid out a long-term strategy that he hopes will make Wisconsin a leader in renewable energy. He repeated his call for the state to generate 25% of its electricity and motor fuels from renewable resources by 2025.

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