Business Loans Boost Clean Energy in California

摘要

While Groundbreaking Developments in renewable power and energy innovation are nothing new in California, officials there were still no less eager to trumpet the state's latest milestone in its ongoing quest to change the way power is generated and used. The California Energy Commission closed out the summer season by announcing its approval of the first loan from the Clean Energy Business Financing Program (CEBFP). With funds from the American Reinvestment and Recovery Act, the program provides $30.6 million in low-interest (2.75 percent) loans to eligible applicants that improve or expand their energy efficiency or renewable-energy manufacturing facilities in California.