Solar Power World

DOE Report Explains How Recovery Act Benefits Small Business

The Department of Energy today released a new report highlighting the benefits of the Recovery Act to small businesses throughout the clean, renewable energy industry and environmental management sector. The report found that as of early March 2010, small businesses have been selected to receive nearly $5.4 billion in funding across a number of Recovery Act and related programs, including loans, loan guarantees, grants, contracts and tax incentives, in partnership with the... Read More

World’s Largest Solar Project Receives $1.37B From DOE

Energy Secretary Steven Chu today announced conditional commitments for more than $1.37 billion in loan guarantees under the American Recovery and Reinvestment Act to BrightSource Energy, Inc. to support the construction and start-up of three utility-scale concentrated solar power plants. The new plants will generate approximately 400 megawatts (MW) of electricity using the company’s innovative, proprietary technology.  This would nearly double the existing generation... Read More