Biomass Power and Thermal reports that Pennsylvania's Commonwealth Financing Authority has contributed $1.4 million to four alternative energy projects throughout the state.
"This is nothing new for Pennsylvania," says John Nikoloff, partner with Energy Resources Group Partners, a Pennsylvania-based consulting group. "The state has put out tens of millions of dollars for biomass projects in the last five, six years."
The latest round of funding comes from the Renewable Energy Program and the Alternative and Clean Energy (ACE) Program. ACE was launched in 2008 with a budget of $180 million for renewable projects not relating to solar, wind or geothermal. The program still retains about half of its budget and has awarded more than $21 million in grants and loans to biomass projects around Pennsylvania, Nikoloff says, adding that the funding is ongoing and not limited to once per year.
"Ever since the state set up the Alternative and Clean Energy Program, there has been an awful lot of ongoing support for biomass projects," he says.
Original source: Biomass Power and Thermal
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