California's clean energy future threatened by federal delays

[n2doc]

By Marc Lifsher, Los Angeles Times
July 28, 2010



Reporting from Sacramento —
Plans for a massive expansion of clean energy in California are being jeopardized by federal foot-dragging, according to state officials who say that more than 20 nearly shovel-ready solar and wind projects are being held up by the U.S. Department of Energy.

Seven major solar-mirror projects — enough to provide power to 3 million Southern California homes — along with plans for at least a dozen wind-turbine and solar-panel complexes have been cleared or almost cleared by state authorities and the U.S. Department of Interior.


The projects are valued at as much as $30 billion, according to estimates by Gov. Arnold Schwarzenegger's office.

But the Department of Energy's laborious procedures to guarantee loans threaten to stymie construction financing for many of the projects, and builders could lose out on more than $10 billion in federal stimulus funding if they can't start digging by the end of the year.

more

http://www.latimes.com/business/la-fi-solar-energy-20100728,0,5792412.story