Gov. Edward G. Rendell, D-Pa., has announced $20.5 million in state and federal investments that will create 1,400 jobs in the clean energy industry. The funding will benefit 40 diverse energy projects that will generate or save the equivalent of more than 10 billion kWh of electricity over their lifetimes.
‘A few years ago, projects like these existed only in theory. Today, they are a reality,’ says Rendell. ‘They benefit Pennsylvania's consumers by generating and saving electricity, driving down utility rates, making additional projects more affordable and feasible, while stimulating the economy by creating manufacturing and employment opportunities, attracting private investments and making our environment cleaner.’
GE is one of the recipients of the funds. The company will receive $500,000 to provide a portion of the costs for a higher-capacity crane at the Erie, Pa.-area facility to allow testing and development of wind turbine drive trains from 2 MW to 3.6 MW in order to meet the market need for larger drive trains.
Rendell notes that the state investment provided through the Pennsylvania Energy Development Authority (PEDA) will also leverage more than $211 million in private funds, generating a 10-to-1 return on investment. Since 2005, PEDA has invested more than $99 million in 201 projects, which have generated more than $883 million in matching funds.
Twenty-four projects were funded with $13 million from Growing Greener II, eight projects were funded with $5 million in federal stimulus funds through the American Recovery and Reinvestment Act, and eight projects in the Pittsburgh region were funded with $2.5 million through Duquesne Light Co. settlement funds.
SOURCE: Office of Gov. Edward G. Rendell