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Full Text of this Amendment
At the end of subtitle D of title VIII, add the following:
SEC. 833. GRANTS FOR DEVELOPMENT OR CONSTRUCTION OF CONCENTRATING SOLAR POWER PLANTS.
(a) Goal.--It is the goal of this section to add, over the 10-year period beginning on the date of enactment of this Act, at least an additional 200,000 megawatts of renewable electric power from concentrating solar power plants.
(b) Grants.--The Secretary of Energy, in consultation with the Administrator, shall establish a program under which the Secretary shall provide grants to eligible entities to pay the Federal share of the cost of developing or constructing concentrating solar power plants.
(c) Federal Share.--The Federal share of a grant under this section shall be 12.5 percent of the cost of developing or constructing a concentrating solar power plant.
(d) Relationship to Other Law.--The authority provided under this section shall be in addition to any other authority under which credits or other types of financial assistance are provided for the development or construction of a concentrating solar power plant.
(1) IN GENERAL.--Notwithstanding section 551, not later than 330 days before the beginning of each of calendar years 2012 through 2021, of the quantity of emission allowances established pursuant to section 201(a) that are made available under section 551 for each of those calendar years, the Administrator shall allocate a percentage to provide grants under this section.
(2) QUANTITIES OF EMISSION ALLOWANCES ALLOCATED.--The quantities of emission allowances allocated pursuant to paragraph (1) shall be the quantities represented by the percentages in the following table:
|Calendar year||Percentage for grants for concentrating solar power plants|
(As printed in the Congressional Record for the Senate on Jun 4, 2008.)