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GREEN ENERGY: Obama administration doubling down on loan guarantees for renewable energy – The Hill’s

September 15, 2011

Obama administration doubling down on loan guarantees for renewable energy

By Andrew Restuccia – 09/15/11

The Energy Department (DOE) is not backing down in its efforts to support clean energy companies, despite Republican efforts to pummel the Obama administration for approving a $535 million loan guarantee to a now-bankrupt solar firm.

The department could approve as many as 15 renewable energy loan guarantees by the end of the month when a program launched under the stimulus law ends.

The approvals could open up the Obama administration to more criticism from Republicans, who have raised broad concerns about the administration’s investments in clean energy in the aftermath of the bankruptcy of California-based Solyndra.

The 2009 stimulus law authorized an Energy Department program to offer loan guarantees to renewable energy, electric transmission and biofuels projects. The program expires at the end of the fiscal year, which is at the end of September.

via Obama administration doubling down on loan guarantees for renewable energy – The Hill’s E2-Wire.

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