US invest multi-billion dollar in renewable energy

The US Treasury and Department of Energy formally have increased energy funding programme on Friday, announcing that project developers could now apply for direct payments from a new fund worth over $3bn
The distribution of funds should be 5,000 biomass, solar, wind and other types of renewable energy projects . Firms are agree for tax credits in return for a direct payment from the government.
Comments about this investment of personality like secretary Steven Chu, who predicted that the government investment would play a major role to attract private sector capital to invest in clean energy development
Denise Bode AWEA chief executive claimed that the sector could be expanding faster still and calls to the Obama administration to fix a nationwide target for renewable energy use similar to the standards imposed by a number of State governments.