The World's #1 Renewable Energy Network for News, Information, and Companies.

Closing In On Deadline, DOE Finalizes Three Loans

While the solar industry continues to face the brunt of the criticism in the aftermath of the Solyndra investigation, the Department of Energy is quickly working toward its Sept. 30 deadline to close loan guarantees with three announcements in other industries.

The most recent deals to close will back a biofuel project, a New Hampshire wind farm and a geothermal plant in Nevada.

Wind

The DOE has finalized a partial guarantee for a $168.9 million loan to Granite Reliable Power to support a 99-megawatt (MW) wind generation project that could become New Hampshire’s largest wind farm. The project will be located in Coos County in northern New Hampshire, approximately 110 miles north of Concord. Project sponsors, BAIF Granite Holdings and Freshet Wind Energy expect the project will fund nearly 200 construction jobs.

The wind generation project will include 33 Vestas V90 3.0-MW wind turbines. The majority of the power from the project will be sold to Central Vermont Public Service and Green Mountain Power.

Geothermal

A partial loan guarantee for up to $350 million will support projects by Ormat Nevada that are expected to produce up to 113 MW and would increase geothermal power production in Nevada by nearly 25 percent. The facilities are Jersey Valley in Pershing County, McGinness Hills in Lander County and Tuscarora in Elko County. The company estimates the project will fund 332 jobs during construction and 64 during operations.

The geothermal facilities include the utility-scale deployment of the Ormat Energy Converter (OEC) modules. The OEC modules typically consist of pre-engineered units that include an integrated vaporizer, preheater, turbine-generator set, condenser and feed pump, all of which work together to convert the geothermal energy to electric power.

The project’s total output will be sold to Nevada Power Company under three separate long-term power purchase agreements.

Cellulosic Ethanol

The DOE gave final approval for a $105 million loan guarantee for the construction of POET's Project Liberty, a 25 million-gallon-per-year cellulosic ethanol plant in Emmetsburg, Iowa.

RELATED ARTICLES

First Anniversary of The Balkan Floods Highlights Renewable Energy Market Opportunities

Ilias Tsagas, Contributor One year ago this month, severe flooding in Serbia, Bosnia-Herzegovina and Croatia killed 79 people, displaced about half a million and caused economic paralysis of the region. In the wake of these the catastrophic events, ...
Canadian Climate Goals

Canada Announces Weak Climate Target

Danielle Droitsch, NRDC Last week, Canada has announced its contribution to the global effort to reduce greenhouse gases by announcing its post-2020 target. The target announced today is off-track to the 80 percent cut by 2050 they committed to in...
Wind turbine

Forget the PTC, Wind Energy’s Real Problem Is Transmission

Adam Barber, A Word About Wind

Forget the challenges associated with government tax credits.  Do you want to know the real barrier for future North American wind market growth?

Rooftop Solar Panels

Hypocrisy? While Buffett Champions Renewables, His Company Fights Rooftop Solar

Mark Chediak, Noah Buhayar and Margaret Newkirk, Bloomberg Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.
Renewable Energy World's network editors help deliver the most comprehensive news coverage of the renewable energy industries. Based in the U.S. and the UK, the team is comprised of editors from Pennwell Corporation's myriad of publications that ...

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in Brazil – in partnership with GWEC, the Global Win...

Brazil is one of the most promising markets for wind energy.  Ranke...

GEA Geothermal Energy Expo 2015

Every year, the Geothermal Energy Expo® hosts the world's largest ga...

National Geothermal Summit 2015

The Geothermal Energy Association (GEA) is pleased to be holding its fif...

COMPANY BLOGS

SunEdison Expands Residential Market Offerings with New PPA, Sales ...

SunEdison has largely focussed on the commercial and utility-scale solar...

Are You Ready for a Natural Disaster?

Guest post by Jenna Clarke  Living in the Shenandoah Valley of Virg...

Deadline for Inclusion in Solar Power World's Top Solar Contractors...

UPDATE: The official deadline for the Solar Power World T...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS