Government releases green energy bonds

The U.S. Treasury Department released about $2.2 billion in bonds today aimed at jump starting the renewable energy sector.

The bonds will basically serve as low-interest loans to people who want to start renewable energy projects, giving them an opportunity to begin projects despite the fact that other sources of funding have dried up because of the current recession.

Government officials hope that the bonds will get several projects, such as wind or solar farms, quickly into the construction phase of development. To read more, check out this story from Business Green.