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Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

Green Car Congress

Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The Term Loan B debt received an initial credit rating of BB- and a “1” recovery rating by Standard & Poor’s.

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DOE to award $11M to 20 new Clean Cities projects for alt fuel cars and trucks

Green Car Congress

The US Department of Energy (DOE) is [link] about $11 million to 20 new projects to help states and local governments to develop the infrastructure, training, and regional planning needed to help meet the demand for alternative fuel cars and trucks, including vehicles that run on natural gas, electricity, and propane. Gas Technology.

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FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

EV Adoption

sales to be electric vehicles by 2030 – The German automaker said more than 70% of its Volkswagen brand’s European sales will be EVs by 2030, up from a previous target of 35%. For example, by 2025, 50% of FedEx Express global PUD vehicle purchases will be electric, rising to 100% of all purchases by 2030. VW expects half of U.S.

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