Renewable Energy Update - June 7, 2011

In This Issue: DOE announces $27M in grants to cut costs, improve efficiency of solar installations; RENEWABLE ENERGY FOCUS - House GOP push White House to act faster on renewable energy projects; California cap-and-trade could be delayed up to a year, say experts; CPUC approves PG&E rate change; BLM approves California Nevada renewables transmission project; Federal eagle conservation plan has wind industry worried; Group files lawsuit against Lake County geothermal plant; New Jersey drops out of federal cap-and-trade program; Four solar fields near completion in Vineland; NOTABLE RENEWABLE ENERGY PROJECTS AND DEALS - Terra-Gen secures $631M in financing for Tehachapi wind project; Laidlaw Energy to buy 14MW California biomass plant; GE, CPV, DGC obtain financing for 800MW Riverside County solar thermal plant; DOE approves $45.6M loan guarantee for Nevada solar project; California energy firm places large solar parts order with Louisiana manufacturer; and Primus Power raises $11M to build grid-sized flow battery.

DOE announces $27M in grants to cut costs, improve efficiency of solar installations

Department of Energy - Jun 1

The DOE has made $27 million in funding available for initiatives aimed at reducing the non-hardware costs of solar power projects and improving the bureaucratic efficiency of permitting for such projects. The agency will grant up to $12.5 million for the Rooftop Solar Challenge, which encourages local and regional government teams to compete for funds to improve their solar permitting processes, increase access to financing for solar projects, update planning and zoning codes, and improve interconnection and net metering standards.

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Published In: Energy & Utilities Updates, Environmental Updates, Finance & Banking Updates

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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