Renewable Energy Update - March 22, 2011

In This Issue:

Solar industry warns against cuts to DOE loan guarantees; RENEWABLE ENERGY FOCUS - Ex-CEC commissioner Byron offers grim assessment of California's renewable energy situation; Approval of Carrizo Plain solar project attracts four appeals; House panel votes to stop EPA greenhouse gas rules; California asks for right to sue in lieu of tighter GHG regulations; Study: Stalled California renewable energy projects could create 141,000 jobs; Bureau of Land Management gives priority to California wind, solar projects; Clean tech bursts ahead, exceeding growth expectations; NOTABLE RENEWABLE ENERGY PROJECTS AND DEALS - BrightSource ups fundraising goal to $125M; California county approves new solar plant; 48MW solar plant, nation's biggest, comes online in Nevada; 150 MW Californian CPV project to use locally-produced modules; and Harvest Power raises $51.7 million to turn yard scraps, food waste into energy.

Solar industry warns against cuts to DOE loan guarantees

Reuters - Mar 15

As Congress works toward a vote on whether or not to trim an ARRA-financed DOE loan guarantee program for renewable energy projects, solar industry advocates are warning that cuts to the program could result in lost jobs and wasted opportunities to exploit advances in solar technology. Bart Ford of Tenaska Solar Ventures says loss of the DOE loan guarantees would likely result in the cancellation of two planned solar projects in California with a combined output of 280MW. The projects would triple the capacity of concentrated photvoltaic (CPV) solar power predicted to be installed in the U.S. in 2011.

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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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