CleanTech OC Daily - 8/20/12

Monday, August 20, 2012

Borrego Solar’s $64.4 million in funding  will support the construction of eighteen megawatts of solar across eight sites in commercial-scale installations. U.S. Bancorp (USB) and National Consumer Cooperative Bank (NCCB) are behind the funding where NCCB will provide the debt funding and USB will be an equity partner.

Who has the more effective pitch when it comes to energy policy? The debate rages on whether to foster more fossil fuels or to increasingly favor renewable energies. Forbes points out one clear point - environmentalists are backing Obama and fossil fuel developers are supporting Romney. Though, at a closer look, certain states that rely on energy sector jobs may vote for the candidate who has not historically won that state in the past.

The first wave-power station licensed by the U.S. Federal Energy Regulatory Commission has just been given the green light. Ocean Power Technologies will receive a 35-year license from FERC [DOC] to install up to 10 of its grid-connected PowerBuoys off the coast near Reedsport, Ore.

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