Jersey Clean- New Jersey regulators awarded the rights yesterday for Garden State Offshore Energy to construct a $1 billion wind farm in the southern portion of the state. New Jersey now joins both Delaware and Rhode Island each having granted rights to construct wind farms. The New Jersey Energy Master Plan has goals of 20% of the state’s energy coming from renewable sources by 2020. The plan calls for 96 wind turbines to be placed 16-20 miles offshore. These turbines are expected to produce enough electricity to power tens of thousands of homes by 2013. Can New York be far behind in approving such a project?
Bailout- It turns out the $700 billion bailout…errrr, I mean rescue legislation indeed contained the extension of tax credits for renewable energy going forward 8 years. So I suppose this is good news, that under the most ridiculous of circumstances these credits were finally passed and extended. Now the real question becomes how many Goldman Sachs bankers will become intimately involved in the dispersion of this taxpayer (I mean China's) money.
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