NewEnergyNews More: OBAMA ADMIN UPS BACKING FOR NEW ENERGY

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    • Tuesday, April 22, 2014

    OBAMA ADMIN UPS BACKING FOR NEW ENERGY

    US Energy Dept plans $4 bln in loan aid for renewable energy

    Ayesha Rascoe, April 18, 201`4 (Reuters)

    "The U.S. Energy Department…unveiled a plan for up to $4 billion in loan aid for renewable energy companies to help rejuvenate a program that faced harsh political attacks over past failures of federally subsidized projects…The Obama administration's draft plan would provide loan guarantees for innovative projects that limit or avoid greenhouse gas emissions…It will specifically focus on advanced electric grid technology and storage, biofuels for conventional vehicles, energy from waste products and energy efficiency…[Financing should be awarded] by the end of the year or early 2015…” click here for more

    click to enlarge

    posted by Herman K. Trabish @ 5:42 AM

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