24 Jun '11, 1pm

Alamo City sees Future in 'New Energy Economy'

“San Antonio has the opportunity to seize a mantle that no city in the U.S. holds today: To be the recognized leader in clean energy technology,” Mayor Julian Castro said Monday. “By building a critical mass around research and development that will grow and attract the brainpower of the 21st Century, San Antonio can be for the new energy economy what Silicon Valley is to software and what Boston is to biotech,” Castro said while announcing an investment-and-incentives package that attracted five clean tech companies to the Alamo City. San Antonio’s “New Energy Economy” plan includes a six-year, 100% tax abatement for a SunEdison 30-MW solar farm and incentives for the corporate relocations of smart grid firm Consert, LED lighting company Green Star, and ColdCar USA, an electric truck manufacturer. Also in the package is a 200-MW power purchase agreement (PPA) for clean-co...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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