Windpower Engineering & Development: DOE announces $150 million in tax credits to invest in U.S. clean energy manufacturing, December 18, 2013
Building on President Obama’s Climate Action Plan to continue America’s leadership in clean energy innovation, the U.S. Department of Energy has announced $150 million in clean energy tax credits to build U.S. capabilities in clean energy manufacturing. The credits will go towards investments in domestic manufacturing equipment by 12 businesses. Through the Advanced Energy Manufacturing Tax Credit program (48C Program), these awards will help create thousands of jobs across the country and increase U.S. competitiveness in the global clean energy market.
Renewable Energy: Natel Energy Inc. makes low-head, high-flow hydroelectric turbines for new, distributed, utility-scale hydropower projects as well as for retrofitting dams and irrigation canals. With more than $2 million in 48C Program tax credits, Natel is equipping a manufacturing facility on California’s former Alameda Naval Air Station. The facility will produce 200 turbines annually – roughly 90 MW – to enable environmentally friendly hydropower development worldwide.