nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Renewabl eenergy companies to be offered loan by USA govt

U.S. Energy Dept to offer loan aid to renewable energy companies    By Ayesha Rascoe WASHINGTON, March 28 (Reuters) – The U.S. Energy Department will soon issue a plan to offer loan aid for renewable energy projects, Energy Secretary Ernest Moniz said on Friday, doubling down on investments that have drawn intense criticism over past government-backed business flops.

A department loan program funded by the 2009 economic stimulus law that backed solar, wind and geothermal projects was widely attacked by Republicans after the high-profile failure of solar panel manufacturer Solyndra.

Despite the bankruptcy of Solyndra and other recipients of department funds, the Obama administration has stressed that most of its energy investments have been successful, refusing to bow to calls to scrap its remaining loan programs…….

Moniz pointed to the success of utility-scale solar power plants backed by the department through the stimulus package as an example of what the administration hopes to continue to accomplish……. Solar power plants are now being built in the United States by private companies without federal loan aid.

“We want to fund some of the first movers that push the technology out there and then have the private sector expand it,” Moniz said……. http://af.reuters.com/article/energyOilNews/idAFL1N0MP22420140328?pageNumber=2&virtualBrandChannel=0

March 29, 2014 - Posted by | general

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

« Previous | Next »