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Global Bioenergies obtains €4.4M loan to complete financing of demo plant, begins construction

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million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. This new financing will cover the purchase of a complete fermentation unit, comprising an inoculation fermenter, a propagation fermenter, and a 5,000L production fermenter.

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Global Wind Power Capacity Grew 28.8% in 2008; 120.8 GW Total

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last year, even higher than the average over the past decade, to reach total global installations of more than 120.8 GW at the end of 2008, according to the Global Wind Energy Council. More than 27 GW of new wind power generation capacity came online in 2008, 36% more than in 2007. Global wind energy capacity grew by 28.8%

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DOE not proceeding with ATVM loan for Carbon Motors; company exploring strategic and financing alternatives

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The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, was to provide about $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25% above 2005 fuel economy levels. CEO Li lashed out at the DOE in a released statement.

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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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TECO 2030 ( earlier post ) is aiming to establish Norway’s first large-scale production of fuel cells, optimized to be the heart of hydrogen-powered ships and other heavy-duty installations. Financing alternatives are being evaluated. gigawatt, per year. Expected investment is nearly €100 million over approximately ten years.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” Billion in 2008).

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EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

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The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. In 2008 the EIB signed loans totaling €57.6 Tags: Europe Financing Policy Vehicle Manufacturers.

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Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

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Average annual capital needs and gap estimates, all levels of government, 2008-35 (in 2008 dollars). a federal mileage fee—as a way to reform financing of the US transportation infrastructure. Paying Our Way: A New Framework for Transportation Finance Click to enlarge. The nation faces a crisis. Click to enlarge.