Renewable Energy

Watchdog finds no major flaws in DOE advanced battery program

The Energy Department is getting some qualified support from its internal watchdog over its use of economic stimulus dollars to help the domestic electric car battery industry, just as President Barack Obama seeks to rebut Republican criticism of his green energy agenda.

While DOE's Inspector General found the department can make improvements in the $2 billion Advanced Batteries and Hybrid Components Program, it called for no overhaul of the program and could not substantiate an allegation of a potential conflict of interest. 

DOE official calls loan program 'enormous success'

Confronting withering criticism from Republicans, a top Energy Department official insists the agency's clean energy loan program has been an "enormous success" despite financial troubles at several of the companies it helped.

The joint hearing Thursday by two House Energy and Commerce Committee subcommittees provided an election-year forum to debate the role of government in encouraging clean energy and the risks to taxpayers.

U.S. ranked ninth in energy efficiency

Source: 
American Council for an Energy-Efficient Economy

The American Council for an Energy-Efficient Economy ranked the United States ninth in energy efficiency out of 12 major global economies, reporting that the U.S. has made "limited or little progress toward greater efficiency at the national level."

Sierra Club targets freshmen for ads on wind tax credit

Source: 
The Hill

The Sierra Club is running new ads pressuring three House Republican freshmen to support extension of tax credits that help finance wind power projects, The Hill reports.

Spain hits renewables with taxes

Source: 
Bloomberg

Spain is planning to levy its first taxes on renewable energy sources to help relieve green energy debts totaling $31 billion, Bloomberg reports.

Wind industry braces for sunset of tax credit

Source: 
FuelFix

The wind power industry is bracing for layoffs and factory closings as the instrumental Protection Tax Credit faces expiration on Dec. 31, FuelFix reports.

With 1 of 2 dams down, fish return to Elwha River

SEATTLE (AP) — Scientists knew ocean-going fish would eventually return to the Elwha River on Washington state's Olympic Peninsula, once two massive concrete dams were torn down. They just didn't think it would happen so soon.

Biologists tracking fish in a tributary of the Elwha last month spotted wild steelhead that likely made it on their own past the site where the Elwha Dam stood for nearly a century — before it was dismantled in March as part of the nation's largest dam removal project.

Chinese green energy rush leads renewable investment

Source: 
Bloomberg

Global clean energy investment increased by 24 percent to $56.9 billion in the second quarter of 2012, with Chinese investments on solar parks and wind farms rising 92 percent alone, Bloomberg reports.

Two solar companies request DOE clean energy loans

Source: 
Bloomberg

Two solar manufacturers are requesting loans through the Energy Department's loan guarantee program, Bloomberg reports. The companies would be the first to access credit from the program since Solyndra's bankruptcy last September.

British energy chief affirms support for clean energy subsidy

Source: 
Bloomberg

British Energy Secretary Ed Davey maintained firm support for clean energy subsidies, calling the arguments of his opponents "misleading and dangerous," Bloomberg reports.

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