Friday, October 25, 2013

Military Sun: Army Announces $7B in Solar Contracts

Solar wins big over other renewables. The U.S. Army is putting money in wind, biomass, geothermal and solar, but it's the latter that is getting the lion’s share of Pentagon dollars in 2013. The Army announced $7 billion in power-purchase agreements (PPA) to nearly two dozen companies for solar energy on Wednesday. Last year, the Army said that it would spend about $7 billion on renewable energy contracts, and earlier this year it awarded the first five contracts to geothermal projects. The most recent announcement indicates that wind and biomass could be an afterthought following the Army’s spending on solar.

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