Banking & Finance  September 11, 2008

Colorado receives DOE renewable energy grant

DENVER – Colorado is one of 15 states receiving about $6.6 million in grants from the U.S. Department of Energy to develop renewable energy policies and projects.

Colorado will receive a $397,700 grant to develop technical, financial and policy frameworks to expedite the construction of an additional 1,000 megawatts of renewable resource capacity onto the state’s electricity grid, according to the office of Gov. Bill Ritter.

One thousand megawatts is enough to provide power to about 330,000 homes.

“This DOE grant is another important step forward for Colorado’s New Energy Economy,” Ritter said in a statement. “It will help us connect Colorado’s abundant…

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