News
October 7, 2009
DOE to Accelerate Renewable Energy Projects through New Partnership
Steven Chu, U.S. Energy Secretary, announced $750 in funding for the new Financial Institution Partnership Program (FIPP), a set of streamlined standards meant to accelerate the financing of conventional renewable energy projects such as wind, solar, geothermal, biomass, and hydropower. Through the FIPP, project developers and borrowers can work with eligible lenders to access partial, risk-sharing loan guarantees through the DOE.
Read more on this partnership here.
September 24, 2009
CPUC Leads the Way in Energy Efficiency with $3.1 billion Commitment
The California Public Utility Commission authorized $3.1 billion in consumer rebates and efficiency programs, the largest commitment ever made by a state to efficiency. The program has potential to avoid 3 million annual greenhouse gas emissions, create 18,000 skilled green jobs, and create energy savings equivilent to three 500-megawatt power plants. This landmark program, as stated by CPUC Commissioner Dian Grueneich, will "make energy efficiency a way of life in California" and demonstrates the state's "continued leadership in the field of energy efficiency".
Click here for more information
September 22, 2009
Virginia Governor Looks to Offshore Wind
Virginia is one of ten states with high resource potential for offshore wind development. The creation of an offshore wind farm could create over 1,000 green jobs and reduce state dependence on fossil-fueled electricity. In a letter to the U.S. Department of the Interior, Governor Timothy M. Kaine proposed the creation of a federal-state-local task force to guide and expedite the development process for offshore wind. This request follows the "Renew Virginia" plan established in 2008 to promote renewable energy and develop a green economy in Virginia.
Find out more about Renew Virginia.
September 22, 2009
ISO/RTO Council Releases 2009 State of Market Report
Wholesale electricity markets encourage the development of diverse resources including renewable generation and demand response. A recently released report issued by the Independent System Operator/Regional Transmission Organization Council (IRC) finds that overall, "savings from wholesale markets are the result of better generation commitment, lower dispatch costs, improved system reliability, and transparent price signals", stated Nick Brown, Chair of the IRC.
Download the report here.