Reliable Energy

DOE Guarantees Loans Up to $624MM for Wind, Geothermal, Cellulosic Ethanol

The US Dept. of Energy (DOE) issued partial loan guarantees for renewable energy projects in three states totaling as much as $624 million Friday. Energy Secretary Chu announced partial loan guarantees of $168.9 million for Granite Reliable Power’s 99-megawatt (MW) wind farm, New Hampshire’s largest; up to $350 million for Ormat Nevada’s 113MW geothermal power plants; and $105 million for POET’s ‘first-of-its-kind’ cellulosic ethanol bio-refinery in Iowa.