Clean energy entrepreneurs looking to form an LLC in New York may receive a break with the announcement this week of a large investment in renewable energy projects to be built across the state.
The state will allocate $191 million in grants to 17 different ventures, adding 315 megawatts of clean energy capacity and generating about 1 million megawatt-hours every year, which equates to powering some 145,000 homes per year, according to EcoSeed.org.
Governor Andrew Cuomo announced Monday that the funding is part of the state’s renewable portfolio standard, which aims to acquire 30 percent of state electricity from renewable sources by 2015.
"Governor Cuomo's signing of this legislation is an important step forward in continually improving and expanding the opportunities for New York to build its clean energy economy, and we commend and appreciate his endorsement," said Carol E. Murphy, executive director of the Alliance for Clean Energy New York.
California still leads the nation in clean energy adoption and investment, as that state moves to meet a renewable energy portfolio of 33 percent by 2020, providing energy innovators with entrepreneurial opportunities on both coasts.
Tags : financial management, incorporation news, ny, small business management
Posted: Jun 6th, 2011