Renewable Energy Update - September 21, 2011


In This Issue:

U.S. grants $60M for geothermal, IGCC and electric vehicles ; RENEWABLE ENERGY FOCUS - Proposed federal bill would require audit of renewable energy loans. California legislature drops surcharge for energy research; California adopts $100M clean transport investment plan; California bill favors solar panels; thermal left out in cold; Abengoa completes $1.2B in solar financing; Planned solar project outside Mexicali would supply U.S. and Mexico; Solar Trust tries to allay fears stoked by delays; Calisolar cutting 80 jobs at California plant; California's struggle to add solar to new homes; Western Area Power administration commits to Arizona renewable transmission project; Southern California to be served; California company plans 990MW wind farm in Nevada; Two grants awarded to University of California to help turn waste into green fuel; Analysis examines whether LEED is a feasible investment for industrial facilities; NOTABLE RENEWABLE ENERGY PROJECTS AND DEALS - TECO Westinghouse approves Probe Manufacturing to build cable assemblies for wind turbine program and Alphabet Energy raises $12M in Series A financing led by TPG Biotech.

U.S. grants $60M for geothermal, IGCC and electric vehicles

EcoSeed - Sep 12

The U.S. DOE will provide grants to develop clean energy technologies -- up to $38 million for geothermal; $14 million for integrated gasification combined cycle (IGCC); and $8.5 million for electric vehicles. Energy Secretary Steven Chu said up to $38 million will be given over a three-year period to 32 projects in 14 states, $14 million for six projects, and $8.5 million to 16 projects in 24 states over a one-year period. Three California-based companies will receive geothermal funding, while one will receive IGCC funding.

Please see full newsletter below for more information.

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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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