Hydropower equipment manufacturer joins other Dutch companies to promote renewable technologies

DEN OEVER, The Netherlands 7/2/12 (PennWell) — Hydroelectric turbine manufacturer Tocardo International has joined the Dutch government and six other companies as a member of the “Orange Goes Green” initiative.

The members — all entities specializing in renewable energies and other “green” technologies — formed the platform to increase their visibility primarily in North America.

“There are good opportunities for Dutch providers of green technology in the U.S. and Canada as they are among the world’s largest investors in renewable energy,” says Tocardo Chief Executive Officer Hans van Breugel.

The agreement is the first signed under the Netherlands’ Partners for International Business (PIB) program, which was launched in 2011 to promote new public-private partnerships.

Also included are Rabobank, Deerns, Ecofys, Priva, IF Technology, Aqualiner, and the Dutch Ministry of Economic Affairs, Agriculture and Innovation.

HydroWorld.com reported earlier this month that Tocardo closed a deal with Glow Tech Solutions of Nepal to supply 25 of its generating units.

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Hydropower equipment manufacturers eligible for tax credits

Up to $2.3 billion in tax credits will be awarded to manufacturers of equipment used in the production of clean energy under a program administered by the U.S. Departments of Energy and Treasury.

The tax credits are available for two years or until the cap is reached. To learn more about the program and the guidelines for applying, go to the U.S. Department of Energy’s Advanced Energy Manufacturing Tax Credit Web page at: http://www.energy.gov/recovery/48C.htm

The funding is part of the American Recovery and Reinvestment Act. The program provides an investment tax credit of 30 percent for manufacturing facilities that produce equipment for clean energy production, including hydropower.

“These tax credits will help create thousands of high-quality manufacturing jobs in some of the highest growth segments of the economy,” said Energy Secretary Steven Chu.

It’s the latest in a series of government incentives for renewable energy production in the United States.

The U.S. Departments of Energy and Treasury recently announced the opening of an Internet-based application system for companies to apply for $3 billion in government funds for renewable energy projects including some hydropower and ocean energy projects. (HydroWorld 8/5/09) Companies that build and place into service renewable energy facilities could receive up to $3 billion in direct payments in lieu of tax credits.