Financing

Despite Setbacks, DOE Loan Guarantee Program Alive And Well

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Despite the fact that the DOE has told SolarCity it will not be able to close a planned September 30 loan guarantee, blaming increased paperwork from the Congressional investigation into the Solyndra scandal, the DOE Loan Program is moving ahead with wind development guarantees, claiming they will revitalize the economy.

The most recent investment includes a $168.9 million partial loan guarantee to Granite Reliable Power for a 99 MW wind farm in Coos Country, New Hampshire. The project will add 200 jobs to the economy, the DOE statement claimed. Keep reading →

 /  Published September 27, 2011 at 11:59 AM

AOL Energy Week In Review

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In a world of heightened tension between Democrats and Republicans intensified by a seemingly endless fiscal crisis, the Solyndra bankruptcy has been a crisis of its time, prompting shock and escalating rounds of blame.

Republicans blame the Obama administration for heavy government spending and fiscal imprudence while Democrats point out that it was in fact the Bush administration that initially singled Solyndra out for government financing. Caught in the scapegoating is a saturated solar manufacturing sector that is struggling to stay afloat as prices for PV panels drop and renewable tax credits run out at the end of the year. Read more on renewable energy financing: After Solyndra: Renewable Energy Financing 3.0. Keep reading →

 /  Published September 23, 2011 at 2:45 PM

Solyndra Breaks The Silence With A Statement

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With the news today that Solyndra executives plan to plead the fifth and stay silent during hearing on the company’s fall to bankruptcy, speculations ran wild on what exactly they might be hiding.

In a move intended perhaps to subdue the uproar, Solyndra issued an official statement this afternoon. Keep reading →

 /  Published September 20, 2011 at 5:00 PM

New Jersey Follows Massachusetts Cape Wind with Optimism

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Despite the recent financial setbacks to the Cape Wind project, New Jersey will be following Massachusetts and clearing its water for offshore wind development, Governor Chris Christie announced on Monday. Keep reading →

 /  Published May 17, 2011 at 3:10 PM
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