NEW YORK (Reuters) -- General Electric's Energy Financial Services is working on thousands of megawatts of U.S. renewable energy projects, but is not likely to move forward until the government sets rules for its grants and loans to the sector, an executive in the company's energy business said on Tuesday.

Funding for new clean energy projects largely dried up last year because of the crisis in the financial markets, prompting the Obama Administration to expand government spending to support renewable power sources.

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Posted by rjorr at June 25, 2009 3:19 PM