Bailout hides good news for solar industry…

The record economic bailout package was voted into law with a piece of good news for the solar power industry riding its coattails.

As part of the bailout package, the renewable power tax exemptions were passed. This means that the solar, wind, and geothermal power industries won’t lose the incentives that made their growth possible.

In other sustainability news this morning, the Seattle P-I reported on record amounts of private investment being put into the development of sustainable fuels created by green algae. According to the report, venture capitalists have been pouring record amounts of money into new technologies designed to create biofuels out of algae and use the by product as compost.