DOE Guarantees Loans For Several Renewable-Energy Projects
23 Setembro 2011 - 6:47PM
Dow Jones News
The U.S. Department of Energy said Friday that it has issued
renewable-energy loan guarantees to back up to $624 million in
loans to build a wind farm, a geothermal power plant and a biofuels
plant.
The DOE said it finalized a partial guarantee for a $168.9
million loan to Brookfield Asset Management Inc. (BAM, BAM.A.T) and
Freshet Wind Energy LLC to build a 99-megawatt wind farm near
Concord, N.H.
The department also finalized a partial guarantee for up to $350
million of a loan to support construction of three Nevada
geothermal power plants developed by Ormat Technologies Inc. (ORA)
that together will generate 113 megawatts of clean, baseload
electricity. NV Energy Inc.'s (NVE) Nevada utility has signed a
long-term contract to purchase the power from the facility.
The DOE also finalized a $105 million loan guarantee for
biofuels maker POET to build a cellulosic ethanol plant in Iowa
that will have the capacity to make 25 million gallons a year. The
company plans to use biomass, or plant material delivered by area
farmers, as a feedstock for the cellulosic ethanol plant.
-By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;
cassandra.sweet@dowjones.com
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