On Oct. 27, 2009, the U.S. Department of the Treasury announced the allocation of $2,209,204,555 of issuing authority for New Clean Renewable Energy Bonds (New CREBs) to 805 applicants nationwide. As a result, qualified issuers receiving a portion of such allocation may issue New CREBs to finance specified renewable energy electricity producing projects. These original allocations will revert to the IRS if they are not used before the third anniversary of the award date. For purposes of New CREBs, this white paper discusses the allocations and certain governing rules. We also include a complete list of the recipients of New CREBs allocation by issuer type, amount, state and project. In addition, the white paper provides information on allocation awards, including the range of the awards, for “old” Clean Renewable Energy Bonds (old CREBs) and New CREBs.
Click here to read our white paper on this subject.