Renewable Energy Update - June 22, 2011

In This Issue:

DOE: 5M smart grid meters installed so far under ARRA; RENEWABLE ENERGY FOCUS - U.S. solar panel installation up two-thirds in 1Q 2011; PG&E to launch mass installation of SmartMeters in Santa Cruz County despite protests; Revised CARB analysis: Cap-and trade still California's best option; Cal-ISO names new president; Ivanpah solar project gets green light from BLM; Railway company files complaint against Calico Solar; DOE offers $2B in loan guarantees for two California CSP power plants; DOE offers $359M loan guarantee to Arizona solar project; California solar silicon maker gets $275M DOE loan guarantee; Google invests $280M in SolarCity fund; Agile Energy gets $24M in financing for solar projects; ClearEdge wins $2.8M DOE grant for fuel cell deployment; DOE offers $36M to support development of drop-in biofuels and bioproducts; Lawsuits brewing over Oregon wind farm shutdowns; NOTABLE RENEWABLE ENERGY PROJECTS AND DEALS SDG&E, enXco sign PPA for 130MW solar project and NGP purchases IAE geothermal project assets in California.

DOE: 5M smart grid meters installed so far under ARRA

Department of Energy - Jun 13

DOE Secretary Steven Chu has announced that five million smart grid meters have been installed nationwide as a result of intiatives funded by the American Recovery and Reinvestment Act of 2009. "To compete in the global economy, we need a modern electricity grid. An upgraded electricity grid will give consumers choices and promote energy savings, increase energy efficiency and foster the growth of renewable energy resources," said Secretary Chu. About 90% of the nation's smart grid meters are installed in California, Idaho, Arizona, Oklahoma, Michigan, Flordia, Texas and Nevada.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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