The Department of Energy finalized a $117 million loan guarantee for Kahuku Wind Power LLC, the owner and operator of the Kahuku Wind Power project in Kahuku, Hawaii. The project includes the development of a 30 megawatt (MW) wind power plant that will supply electricity to approximately 7,700 households per year, and is expected to be the first to meet the local electric utility’s solar and wind energy reliability requirements. Kahuku Wind Power LLC estimates that the project will create more than 200 jobs on the island of Oahu. More information about DOE’s loan guarantee program is available at www.lgprogram.energy.gov.
***
Wind power installations in the second quarter of 2010 dropped by 71 percent from 2009 levels, the American Wind Energy Association (AWEA) announced. Manufacturing investment also continues to lag below 2008 and 2009 levels. AWEA and a coalition of renewable energy, labor, utility and environmental organizations are urging Congress to establish a national renewable electricity standard (RES) to spur demand for renewable energy and attract manufacturing investment. The association notes that wind power’s boom and bust cycles cause layoffs and discourage investment in new manufacturing facilities. View AWEA’s full second quarter report at www.awea.org.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment