February 2nd, 2009
By Catherine Girardeau
Green Right Now
Renewable energy companies are no doubt pleased that the proposed economic stimulus plan being considered by Congress could double the nation’s clean energy capacity — enough to power six million American homes.
The White House agenda calls for even more progress: The administration wants incentives to increase private sector spending in renewable energy; a cap-and-trade system that would make heavy industries like coal-burning power plants pay for carbon pollution and a declared goal that America reduce greenhouse gases 80 percent by 2050.
It’s shaping up to be a perfect storm for companies that can figure out how to generate renewable energy, including solar thermal companies which intend to compete with wind and direct solar as large-scale energy providers, despite the cool economy.