US DOE Offers Conditional Commitment for a Loan Guarantee to Support Maine Wind Project

According to the press release, “U.S. Energy Secretary Steven Chu today announced the offer of a conditional commitment to Record Hill Wind LLC for a $102 million loan guarantee. The loan guarantee will support the Record Hill wind project, which includes a 50.6 megawatt wind power plant and an eight mile transmission line and associated [...]

DOE Finalizes $1.45 Billion Loan Guarantee for One of the World’s Largest Solar Generation Plants

The DOE Press Release states, “U.S. Energy Secretary Steven Chu today announced a $1.45 billion loan guarantee has been finalized for Abengoa Solar Inc.’s Solana project, the world’s largest parabolic trough concentrating solar plant. Located near Gila Bend, Arizona, the 250-megawatt (MW) project is the first large-scale solar plant in the United States capable of [...]

Secretary Chu Announces Initiatives to Promote Clean Energy at First Clean Energy Ministerial

According to the press release, “At the world’s first Clean Energy Ministerial, U.S. Energy Secretary Steven Chu today announced that the United States is helping launch more than 10 international clean energy initiatives.  These initiatives will cut energy waste; help deploy smart grid, electric vehicle, and carbon capture technologies; support renewable energy markets; expand access [...]

President Obama Announces a conditional commitment offer for a $1.45 Bil Fed. Loan Guarantee for Abengoa Solar

According to the press release, “President Obama announced today in his weekly video address that DOE has offered a conditional commitment for a $1.45 billion loan guarantee to Abengoa Solar, Inc. The loan will support the construction and start-up of Solana, a 250 net megawatt (MW) concentrating solar power (CSP) plant in Arizona. “After years [...]

Secretary Chu Announces Nearly $1 Billion Public-Private Investment in Industrial Carbon Capture and Storage

According to the press release, “U.S. Energy Secretary Steven Chu today announced that three projects have been selected to receive up to $612 million from the American Recovery and Reinvestment Act – matched by $368 million in private funding – to demonstrate large-scale carbon capture and storage from industrial sources. The projects – located in [...]

President’s Energy Budget Invests in Innovation, Clean Energy, and National Security Priorities

According to the US Department of Energy, “U.S. Energy Secretary Steven Chu today detailed President Barack Obama’s $28.4 billion Fiscal Year 2011 budget request for the Department of Energy, highlighting the Administration’s commitment to create jobs with the development of a clean energy economy, invest in advanced science, research and innovation, maintain a strong nuclear [...]