One example of a selected project is in Washington County, Iowa, where a recipient is receiving a guaranteed loan to construct a 50 kilowatt (kW) wind turbine at his agricultural business. The turbine is expected to generate approximately 103,200 kilowatt-hours (kWh) of electricity annually, enough to meet the annual requirements of nine homes. WTE-Dallmann LLC in Calumet, Wisconsin, is another recipient of a REAP grant to help fund the installation of an anaerobic digester that will generate more than 4.8 million kWh of electricity, power for about 420 homes annually. The electricity will be sold to the local utility.
This blog will focus on and discuss business and legal issues important to entrepreneurs as they develop products and services, seek capital, expand and exit the market. In addition, this blog will discuss federal and state economic development incentives and finance programs that are geared towards incentivizing affordable housing, renewable energy, historic preservation, small business start up and job creation.
Wednesday, August 22, 2012
USDA Funds Boost Renewable Energy Production
The U.S. Department of Agriculture (USDA) on August 14
announced that 106 projects in 29 states, Guam, and Puerto Rico have been
selected to receive funding for the production of renewable energy and energy
efficiency improvements. Funding comes through the USDA's Rural Energy for America
Program (REAP).
One example of a selected project is in Washington County, Iowa, where a recipient is receiving a guaranteed loan to construct a 50 kilowatt (kW) wind turbine at his agricultural business. The turbine is expected to generate approximately 103,200 kilowatt-hours (kWh) of electricity annually, enough to meet the annual requirements of nine homes. WTE-Dallmann LLC in Calumet, Wisconsin, is another recipient of a REAP grant to help fund the installation of an anaerobic digester that will generate more than 4.8 million kWh of electricity, power for about 420 homes annually. The electricity will be sold to the local utility.
One example of a selected project is in Washington County, Iowa, where a recipient is receiving a guaranteed loan to construct a 50 kilowatt (kW) wind turbine at his agricultural business. The turbine is expected to generate approximately 103,200 kilowatt-hours (kWh) of electricity annually, enough to meet the annual requirements of nine homes. WTE-Dallmann LLC in Calumet, Wisconsin, is another recipient of a REAP grant to help fund the installation of an anaerobic digester that will generate more than 4.8 million kWh of electricity, power for about 420 homes annually. The electricity will be sold to the local utility.
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