The Rendell Administration announced $20.5 million in state and federal investments that will create 1,400 jobs in the rapidly expanding clean energy industry.
Governor Rendell said in a statement that the state investment provided through the Pennsylvania Energy Development Authority, or PEDA, will also leverage more than $211 million in private funds, generating a 10-to-1 return on investment. Since 2005, PEDA has invested more than $99 million in 201 projects which have generated more than $883 million in matching funds.
The projects announced by the Governor were funded through three sources. Twenty-four projects were funded with $13 million from Growing Greener II, eight projects were funded with $5 million in federal stimulus funds through the American Recovery and Reinvestment Act, and eight projects in the Pittsburgh region were funded with $2.5 million through Duquesne Light Co. settlement funds.