Pennsylvania’s Commonwealth Financing Authority this week unanimously approved more than $17.5 million in grants and more than $1.5 million in loans for 20 clean, alternative and renewable energy projects.
“Through these projects we are investing in cost-effective energy efficiency and conservation of our resources,” Gov. Corbett said. “They will support and improve upon the development of renewable energy use across Pennsylvania.”
The CFA approved 19 projects through the state’s Alternative and Clean Energy (ACE) Program and one through the High Performance Building Program including seven alternative energy production projects, five high performance building projects and eight compressed natural gas (CNG)/liquefied natural gas (LNG) fueling stations which have the benefits of reducing emissions. The proliferation of fueling stations is expected to result in fuel savings and the utilization of domestically produced natural gas.
The CFA investments in Adams, Allegheny, Armstrong, Bucks, Carbon, Centre, Cumberland, Chester, Dauphin, Franklin, Lackawanna, Lancaster, Lebanon, Philadelphia, Tioga and Washington counties are projected to result in more than $194.7 million in additional economic investments.
The ACE Program provides financial assistance in the form of grants and loan funds that will be used by eligible applicants for the utilization, development and construction of alternative and clean energy projects in the state. Click here for a list of approved energy projects.
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