On July 9th, the U.S. Treasury Department published guidance (“Guidance Materials”) for applicants seeking cash grants for qualifying renewable energy projects pursuant to Section 1603 of the American Recovery and Reinvestment Act of 2009 (“ARRA”). This alert provides an overview of key provisions of the Guidance Materials. Although not stated in the Guidance Materials, Treasury personnel have said that they expect to begin accepting web-based grant applications on or about August 1, 2009. If you are intending to apply for a cash grant, we encourage you to carefully review the Guidance Materials and begin preparation of the grant application in consultation with legal counsel and engineering professionals.

Please see full alert for more information.