Renewable Technology Investing with Economic Stimulus Funds

Oct. 20, 2010 - PRLog -- Phoenix, AZ - Government funding is accelerating growth in the renewable market. A new report “Investing in Renewable Energy Technologies” from Energy Business Reports discusses global investments in Wind, Solar, Geothermal, Hydro, and Biomass Technologies.  

Eventually renewable energies will dominate the world’s energy supply system.  Renewable energy sources are an essential part of an overall strategy of sustainable development. They help reduce dependence of energy imports, thereby ensuring a sustainable supply. Furthermore renewable energy sources can help improve the competitiveness of industries over the long run and have a positive impact on regional development and employment. Renewable energy technologies are also suitable for off-grid services, serving those in remote areas of the world without requiring expensive and complicated grid infrastructure.

President Obama’s clean-energy initiatives will help create more than 700,000 jobs and allow the U.S. to double its renewable-power generation in three years . Projects in the $787 billion economic stimulus package are contributing to “unprecedented growth” in renewable energy, such as wind and solar and improving manufacturing for new clean-energy technology.

Investments of $23 billion in renewable generation and advanced energy manufacturing included in the government’s recovery plan will likely create 253,000 jobs and leverage more than $43 billion in additional investment that may support another 469,000 jobs

The report “Investing in Renewable Energy Technologies” examines where monies are best invested in this booming field. View Full Details: http://EnergyBusinessReports.com/shop/Investing-in-Renewa...

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Energy Business Reports publishes cutting-edge business research and analysis reports in the global energy industry including power, oil and gas, and renewables markets.