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Environmental

Jul. 31, 2009

U.S. Offers New Loans to Jump-Start Clean Power

The Department of Energy announced a major shot in the arm to the beleaguered renewable energy industry on Wednesday, offering $30 billion in new loan guarantees to help get solar, wind, geothermal and biofuel projects off the ground.

By Fiona Smith
Daily Journal Staff Writer

The Department of Energy announced a major shot in the arm to the beleaguered renewable energy industry on Wednesday, offering $30 billion in new loan guarantees to help get solar, wind, geothermal and biofuel projects off the ground.

The announcement, which lays out the rules for seeking the financial aid, has been highly anticipated by the alternative energy industry since the program was announced as pa...

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