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Commonwealth Financing Authority Invests In Renewable Energy, Wastewater Projects

The Commonwealth Financing Authority will invest in five projects in five counties for the purchase and installation of alternative energy solutions that will reduce costs, recycle waste and help Pennsylvania meet the Chesapeake Bay nutrient requirement.
            “Today’s investments will help consumers and businesses reduce energy costs and have a positive environmental impact,” Department of Community and Economic Development Secretary C. Alan Walker said.  “In addition to reducing the consumption of electricity from the power grid, these projects will positively impact the communities surrounding them by diverting waste from landfills.”
            Through The Alternative and Clean Energy Program and the Renewable Energy Program, Pennsylvania is expanding its commitment to helping businesses meet water-quality standards with the investment of nearly $1.8 million in grants and loans for five projects in Blair, Bucks, Chester, Philadelphia and Wayne counties.
            The Alternative and Clean Energy Program and the Renewable Energy Program provides financial assistance in the form of grant and loan funds for alternative, clean and renewable energy projects in the Commonwealth.
            The programs are administered jointly by the Department of Community and Economic Development and the Department of Environmental Protection, under the direction of the CFA.
            A list of projects funded is available online.


9/19/2011

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