The scheme named the Captain CleanEnergyProject, would see the creation of a new 570MW "low emission" coal power station with CO2 pumped into storage in offshore depleted gas fields.
In 2009, the Center for American Progress sponsored the National CleanEnergyProject, in which they detailed the implementation of an efficient, high-voltage grid that would extend from coast to coast.
The argument that providing grants to cleanenergy projects already under construction when the stimulus program began is some kind of boondoggle misses the point at both the level of an individual project, and thecleanenergy sector as a whole.
Low cost lending can substantially reduce the cost of a cleanenergyproject, making it cost competitive with fossil fuel generation or close to cost competitive and thus requiring much lower subsidies.
Off the coast of Oregon, Ocean Power Technologies has received approval to begin work on the first commercial wave farm in the US. Theproject is expected to produce enough cleanenergy to power more than 1, 000 homes.