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Bank of Ireland Sells North American Energy Loans

Bank of Ireland (BofI) has sold a €590 million ($793 million) book of project finance loans supporting energy and renewable energy projects to the Sumitomo Mitsui Banking Corporation (SMBC).

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This week in green energy

Times are a bit surreal in the clean energy sector these days. Despite billions of dollars in expected government support and growing demand, companies are reeling, unable to finance their growth or� even daily operations.� This is happening as research firms and industry groups are issuing positive year in review reports, touting the record growth…

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Energy efficiency funds stream out of DOE

Today, Vice President Joe Bidden and Energy Secretary Steven Chu allocated $8 billion from the stimulus package for weatherization, the funds are expected to create 87,000 jobs. According to the DOE, $1 invested returns $1.65 in energy-related benefits, including� lower energy bills.� A home that�s �weatherized� can save some $350 per year on energy bills,�…

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California Energy Commission: $300M from stimulus for clean energy investments

The California Energy Commission expects to get $300 million, from the $787 billion� stimulus signed into law last month, to� “promote [energy] conservation, increase energy efficiency and expand renewable energy in California,” it said in a written statement emailed Tuesday. The Commission also announced the launch of a stimulus Web site that will allow tax…

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BP cuts green energy investments

In this morning’s media call by BP, Chief Executive Tony Hayward said the company’s cleantech� expenditure for 2009 would hover between $500 million and $1billion, a steep cut compared to the $1.4 billion it invested in the sector� last year. Despite the scale back, Hayward reaffirmed investments in wind generation projects in the U.S. and…

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