03/05/2010 – First Wind, an independent US-based wind energy company, today was offered a conditional commitment from the US Department of Energy (DOE) for a $117 million loan guarantee to finance the construction of its proposed 30 megawatt (MW) Kahuku Wind project. Located in Kahuku, Hawaii, the project will have the capacity to generate enough clean, wind energy to power about 7,700 Oahu homes each year. First Wind plans to include innovative technology in this project, including a battery energy storage system.

See the original post here:
First Wind Receives DOE Loan Guarantee to Finance Construction of Oahu-based Kahuku Wind Project

Related Issues:

• Critical List: Gulf of Mexico dolphins have serious health problems; tweeting from the ocean bottom
  By Sarah...
• Critical List: Tariffs for imported Chinese solar panels; Obama to visit solar facility
  By Sarah...
• New UK strategy looks to reduce costs of offshore wind power
  A new strategy to co-ordinate links to offshore wind farms has been published which could reduce the cost of connections by up to £3.5 billion. Energy regulator Ofgem and the Department of Energy and Climate Change (DECC) have today published a report showing how more co-ordinati...
• African renewables potential mapped
  Tapping into Africa's renewable energy could transform living standards across the continent, according to a report that has mapped the potential of renewables in the region. The report aims to help African governments set up renewable energy plans, and has called for the urgent ...
• American Scientists Make Great Leap in Battery Technology
  One of the primary concerns with owning an electric vehicle is cost of the battery, the range it offers, and the time it takes to recharge. Those concerns will be significantly lessoned with the development of a new lithium-ion battery. Designed by scientists at Envia Systems, a ...