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Androvett Blog

by Robert Tharp at 11:49:09 am

Stimulus package set to power up alternative energy, efficiency projects
With $80 billion in incentives in the stimulus package reserved for promoting energy efficiency and investment in alternative sources like solar, wind, geothermal and
biofuels, "green collar" entrepreneurs are poised for growth, says environmental attorney Scott Deatherage, who leads climate change and renewable energy projects at Dallas' Thompson & Knight. Emerging companies providing services in renewable energy like wind and solar power projects, greenhouse gas reductions and energy efficiency are becoming better positioned with lenders, who until recently have been holding onto funds as a result of the credit squeeze. "We're working with a number of companies that are now better positioned with lenders, investors and purchasers," Deatherage says. "These ‘green collar' entrepreneurs are gaining funding and looking at the best means to market the stimulus plan's incentives, just as their potential customers are looking at the tax credits and loan guarantees available to them." The stimulus package includes $80 billion in incentives that promote improvements in energy efficiency and investment in alternative sources such as solar, wind, geothermal and biofuels. To interview Mr. Deatherage, contact Barry Pound at 800-559-4534 or barry@androvett.com.