April 1, 2002—The California Power Authority (CPA) is offering $30 million of tax-exempt Industrial Development Bonds to the state’s manufacturing companies, enabling them to apply for low-cost loans for purchasing and installing clean-energy equipment.
Manufacturers can participate in one of two ways: Purchase and install renewable energy systems, energy-efficiency equipment, or clean distributed generation; or use the financing to establish or expand the production of clean-energy systems and components.
CPA will implement the program and select eligible applicants, consistent with California Debt Limit Allocation Committee procedures and other state and federal requirements.
For more information, contact CPA.
