TEXAS CLEAN ENERGY PROJECTS RECEIVE TAX CREDITS

Amarillo and San Angelo combined to receive $6.2M in Recovery Act Tax Credits based on their ability to create more jobs.

- Erik

TEXAS CLEAN ENERGY PROJECTS RECEIVE TAX CREDITS

WASHINGTON (U.S. Department of Energy) - President Obama has awarded $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for 183 clean energy manufacturing projects across the United States, including eight in Texas.

Texas tax credits include:

• $2.7 million for Alstom Inc. and Subsidiaries' Amarillo wind towers,
• $495,510 for Cooper Power Systems LLC's Nacogdoches smart grid,
• $1.4 million for Johnson Plate & Tower Fabrication Inc.'s Canutillo wind towers,
• $3.5 million for Martifer-Hirschfeld Energy Systems LLC's San Angelo wind towers,
• $450,000 for Ringdale Inc.'s Georgetown production expansion project,
• $4.2 million for Roller Bearing Co. of America Inc.'s Houston wind turbines,
• $4.3 million for Siemens Energy Inc.'s Hutchinson wind towers, and
• $51.5 million for Texas Instruments Incorporated's Richardson buildings.

The investment tax credits, worth up to 30 percent of each planned project, will leverage private capital for a total investment of nearly $7.7 billion in high-tech manufacturing in the United States.

The projects were selected through a merit review process, and the companies chosen could create more than 17,000 jobs nationally in some of the fastest growing parts of the economy.