The Department of Energy finalized three loan guarantees on Friday totaling up to $623.9 million. The Obama White House is working to finalize about a dozen loan guarantees as part of a program funded under the 2009 stimulus law that is set to expire at the end of the month. The loan guarantees are for advanced energy projects such as wind, solar and biofuels. None of the three loan guarantees are for solar projects.
The Energy Department finalized on Friday:
$168.9 million partial loan guarantee to Granite Reliable Power for a wind project in New Hampshire;
$350 million to Ormat Nevada, Inc. for a geothermal power project in the state; and
A $105 million loan guarantee to POET for a cellulosic ethanol
The Obama White House remains committed to investing in clean green jobs energy projects. (The Hill, 9/23/2011)