Britain’s Green Investment Bank Loans $1 Billion in First Months of Business

May 13, 2013 by  
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Photo via Shutterstock In order to help reduce carbon emissions by 2020, the UK government recently opened the  Green Investment Bank (GIB) in Edinburgh, making it the first bank in the world focused entirely on lending to clean energy developments. Capitalized with over 3 billion pounds, the GIB financed eleven projects over its first five months, the majority of which had to do with generating energy from waste . The bank reported that it was able to utilize 1.7 billion pounds of third-party lending, helping to spark a new, sustainable private sector. Read the rest of Britain’s Green Investment Bank Loans $1 Billion in First Months of Business Permalink | Add to del.icio.us | digg Post tags: biomass , britain , carbon emissions , edinburgh , gib , green deal , green investment bank , investment , loan , market , private sector , UK , vince cable        

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Britain’s Green Investment Bank Loans $1 Billion in First Months of Business

US Department of Energy Seizes $21 Million from Fisker Automotive

April 23, 2013 by  
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In this economy, it isn’t just students and homeowners who are having trouble paying back their loans. In a statement on Monday, the US Department of Energy said that it had seized $21 million from Anaheim, California-based electric car maker Fisker Automotive, Inc. on April, 11. The DOE said that it will continue to seek repayment from a loan agreement made back in 2009. A payment was due this week, but was not met. This decision came several weeks after the company laid off three-quarters of its workers and had part of its $529 million loan frozen back in 2011. Read the rest of US Department of Energy Seizes $21 Million from Fisker Automotive Permalink | Add to del.icio.us | digg Post tags: anaheim , aoife mccarthy , California , congress , DOE , Finland , Fisker Automotive , House of Representatives , hybrid car , karma , loan , solyndra        

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US Department of Energy Seizes $21 Million from Fisker Automotive

It’s a Done Deal: Tesla, DOE Finalize Loan for $465 Million

January 23, 2010 by  
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Back in June, Tesla Motors announced a $465 million loan from the U.S. Department of Energy . That deal is now official…every tax paying American is now an investor in Tesla.

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It’s a Done Deal: Tesla, DOE Finalize Loan for $465 Million

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