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GOVERNOR CRIST DISCUSSES RENEWABLE ENERGY WITH T. BOONE PICKENS, INVITES INVESTMENT IN FLORIDA'S BUSINESSES AT CLINTON GLOBAL INITIATIVE


GOVERNOR CRIST DISCUSSES RENEWABLE ENERGY WITH T. BOONE PICKENS, INVITES INVESTMENT IN FLORIDA'S BUSINESSES AT CLINTON GLOBAL INITIATIVE

September 25, 2008

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GOVERNOR'S PRESS OFFICE
850-488-5394

NEW YORK CITY - Governor Charlie Crist today met with energy entrepreneur T. Boone Pickens to discuss the importance of renewable energy. Later, he encouraged investment in Florida businesses expanding the production and use of renewable energy such as solar, wind and wave, as well as alternative fuel sources such as ethanol and biofuels during an address to the Clinton Global Initiative 2008 Annual Meeting.

"Florida is nurturing an economic climate that encourages innovation, entrepreneurship and creative solutions," Governor Crist said. "I believe Floridians have both the insight and the desire to expand our capacity for renewable energy."

T. Boone Pickens, through a national campaign, is encouraging Americans to call on Congress to support renewable energy. For more information on T. Boone Pickens, visit http://www.boonepickens.com.

"Governor Crist clearly understands the threat our $700-billion-a-year dependence on foreign oil is to our economy," said T. Boone Pickens. "He wants action to solve this problem, and I applaud his leadership and his support for the Pickens Plan."

Addressing the Clinton Global Initiative, Governor Crist also encouraged investment in Florida's renewable energy industry. In May 2008, Governor Crist promoted Florida's Senate Bill 2310 on the floor of the New York Stock Exchange. The legislation, sponsored by Senator Jeremy Ring, allows $1.95 billion in investments in technology and growth enterprises, including alternative energy. Under the new law, the State Board of Administration, which is particularly interested in the emerging field of green technology, is directed to invest a maximum of 1.5 percent of the net asset value of the Florida Retirement System Trust Fund in Florida businesses and Florida-based technology investments.

The legislation also doubles Florida's alternative investments from $9.2 billion to $18.4 billion. Florida has published an Invitation to Negotiate, and the deadline for filing responses is October 6, 2008. Applications for investments can be found at http://www.SBAFLA.com. Additional information is available from Kevin SigRist, deputy executive director of the SBA, at (850) 413-1493.

Under Governor Crist's leadership, Florida has stepped onto the world stage as a major marketplace for advanced energy technologies. At the 2007 Serve to Preserve Florida Summit on Global Climate Change in Miami, Governor Crist signed three executive orders to reduce Florida's greenhouse gas emissions, increase energy efficiency, and remove market barriers for renewable energy technologies such as solar and wind energy.

This year, Governor Crist signed bipartisan legislation unanimously passed by the Florida Legislature, creating the most comprehensive energy and economic development plan in Florida's history. The legislation will increase energy efficiency and the use of renewable energy throughout Florida, while adopting a strategy for businesses to reduce greenhouse gas emissions through a cap-and-trade regulatory program. It also creates a renewable fuel standard and a renewable portfolio standard that gives added weight to wind and solar energy over other forms of renewable energy.

The following renewable energy projects are currently under development in Florida:

Solar Energy

Seminole Electric and Spain's Renovalia announced the beginning of negotiations for a new solar plant in Florida.
Florida Power & Light will install a total of 110 megawatts of solar energy, positioning Florida as the second leading state in the nation for solar energy production.
Florida Gulf Coast University received $8.5 million to construct a solar photovoltaic (PV) array to help power its campus.

Wind Energy

Florida Power & Light has proposed a wind farm of six windmills in St. Lucie County that would produce 13.8 megawatts of power.

Wave Energy

The University of South Florida is exploring how to create electricity from the continual motion of the sea.
Florida Atlantic University is learning more about how we can gain energy from the Gulf Stream Current.

Ethanol and Biofuels

New Generation Biofuels announced their corporate headquarters in Lake Mary.
By 2010, ethanol will make up 10 percent of Florida's total gasoline supply.
Florida continues to support grants to develop Florida's potential bioenergy sources, including switchgrass, citrus waste and sugarcane bagasse.
The University of Florida received $20 million in 2007 to construct a commercial-scale cellulosic ethanol plant.

Waste-to-Energy

Controlsud International Group, based in Brazil, announced a $182-million agreement with Renewable Fuels of Tallahassee LLC to convert waste into energy.
Progress Energy, along with Biomass Gas & Electric, is building the largest wastewood biomass plant in the United States in Liberty County.

For more information about Governor Crist's climate, energy and economic development initiatives, please visit https://MyFloridaClimate.com.

Photo Caption: While in New York City to address the Clinton Global Initiative 2008 Annual Meeting, Governor Charlie Crist met with energy entrepreneur T. Boone Pickens to discuss the importance of renewable energy.

While in New York City to address the Clinton Global Initiative 2008 Annual Meeting, Governor Charlie Crist met with energy entrepreneur T. Boone Pickens to discuss the importance of renewable energy