Mass. gov supporting renewable energy initiatives

In his first year in office, Massachusetts Gov. Deval Patrick placed a series of high-stakes bets on the state's economic future, from encouraging the development of a renewable energy industry to making a pitch for three destination resort casinos.

While he's taken a wait-and-see approach to the casinos after being shot down by lawmakers in 2008, Patrick is forging ahead on the green energy front, trumpeting successes as he heads into a tough election season.

At the same time, his administration is guarding against long-term criticism of Patrick's support of projects like Cape Wind and the solar panel manufacturer Evergreen Solar -- two of the state's marquee renewable energy ventures.

Patrick's interest in the companies doesn't end just with the promise of desperately needed jobs. The administration hopes the drive for non-fossil fuels will help stabilize the region's energy market over time, leading to an easing of electricity costs for consumers.

Read the full Business Week article. Business Week, Associated Press, March 22, 2010.