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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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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. —William Li.

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Allison Transmission makes strategic equity investment in Jing-Jin Electric Technologies

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Allison’s investment in JJE follows the recently announced strategic partnership between the two companies, and an earlier debt financing commitment by Allison that will directly support JJE’s North America commercial electric product development, testing, and manufacturing efforts. Earlier post.).

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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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Tesla replays DOE loan nine years early

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This program was signed into law by President Bush in 2008 and then awarded under the Obama administration in the years that followed. I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the ATVM program, and particularly the American taxpayer from whom these funds originate.

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

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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. The leading markets in terms of new installed capacity in 2008 were the US and China. The global wind market for turbine installations in 2008 was worth about €36.5

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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.