Monday, 26 January 2015
Last updated 1 hour ago
Oct 15 2009 | 8:50am ET
U.S. Interior Secretary Ken Salazar and California Governor Arnold Schwarzenegger have signed a memorandum of understanding to streamline sighting and approval of renewable energy facilities on public lands.
The MOU is the first between a state and the federal government to involve energy production. Its aim is to speed around 30 California solar, wind and geothermal projects already in the pipeline. These projects, expected to begin construction by end-2010, are eligible for over $15 billion in federal stimulus funds.
“We know the future is in clean power, clean energy and clean technology,” Schwarzenegger said, “and we are taking action so that California will be able to meet its ambitious renewable energy and environmental goals.”
Schwarzenegger said the MOU would address the slowness of the existing process of siting and approving facilities.
Schwarzenegger wants California to generate one third of its energy from renewable sources by 2020.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…