24 September '10
10:36 PM UTC
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The Week In Green Energy

The Week In Green Energy: DOE Money Man Says “Adieu”

After nearly two years at the Department of Energy, Matt Rogers, the agency’s most influential bureaucrat, is leaving, having overseen one of the DOE’s most ambitious undertakings: the disbursement of billions of dollars to support the deployment of renewable energy infrastructure across the country.

When Energy Secretary Steven Chu hired Rogers 19 months ago, he tasked the McKinsey & Co., consultant with creating the processes that will ensure the DOE spends its billions in stimulus funds smartly. Like any good, benchmark-driven consultant, Rogers executed. Read More »

9 July '10
4:32 PM UTC
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Uncategorized

The Week In Green Energy: During Summer Doldrums Renewable Energy Funding Heats Up

The sweltering heat that has hammered the East Coast for the better part of the week did not dry up the renewable energy deal flow, as some developers managed to clinch crucial funding. And as is often the case these days — especially in the cleantech and renewable energy sectors — Washington was the de facto deal maker. Hence, as we headed into the Fourth of July weekend, some $2 billion in Department of Energy loan guarantees supportingĀ solar developers.

Of the $2 billion announced by the President, Spanish company Abengoa Solar got $1.45 billion for the construction of the 250 megawatt Solana Concentrating Solar Power (CSP) plant in Arizona. Colorado-basedĀ start-up Abound Solar also scored a $400 million guarantee to scale production of its thin-film, photovoltaic modules from a current 67 megawatts to nearly 1 gigawatt over the next three years. Read More »