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USDA to award $11M loan guarantee to Oregon biorefinery

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Novus is working with an Oregon lender, Old West Federal Credit Union, to finance the project. The biorefinery will be built on land owned by the Port of Morrow, one of the largest ports in Oregon. USDA has financed projects in Florida, Georgia, Iowa, Louisiana, Michigan, Nevada, New Mexico, North Carolina and Oregon.

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Global geothermal industry passes 12,000 MW operational

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New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

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US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

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New Mexico. According to the GEA this was due to 4 new geothermal power projects moving to completion, but also reflects difficulty obtaining final permits and difficulty obtaining financing. Financing is expensive and scarce, and available lenders are requiring much more work be done before they will finance projects.

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USDA closes on $105M loan guarantee to Fulcrum for biorefinery converting municipal waste to renewable jet fuel; first USDA loan for biojet

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USDA awarded the first loan guarantee in 2009 to Sapphire Energy in New Mexico. USDA is negotiating three additional loans for biorefineries in Iowa, North Carolina and Oregon. This would represent about 2% of the airline’s annual fuel consumption. Earlier post.). USDA Biorefinery Assistance Program. million loan guarantee.

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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

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USDA’s loan commitment to Cool Planet is being financed from the remainder of the Biorefinery Assistance Program funds authorized in the 2008 Farm Bill. An additional project financed from these funds will be announced later this month. Sapphire Energy has paid off its USDA loan for a plant now operating in New Mexico.

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CEC report sets out North American plan for change and investment to achieve sustainable freight transportation

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Prepared under the guidance of an Advisory Group including stakeholders from industry, academia, the environmental sector and government, Destination Sustainability focuses on North-South (and equally, South-North) freight transportation between Canada, Mexico and the United States. Reducing demand for inefficient freight transportation.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

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Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.

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