03 Oct '11, 6pm

DOE Awards Last Renewable Energy Loans

Renewable energy supplied 12.25% of the energy used in the US in 2011, rising 15.01% from the same period in 2010, according to EIA's latest Monthly Energy Review. Renewables accounted for 11.05% of domestic production during the first half of 2010 and 10.50% in the first half of 2009. Biomass and biofuels accounted for 46% in 2011 followed by hydropower (37%), wind (13.4%), geothermal (2.3%), and solar (1.2%). Nuclear output dropped by 3.80%. In the final days of the Dept of Energy (DOE) loan program, which expired at the end of September, it awarded another group of large guarantees that will increase the share of renewable energy significantly in the years ahead. The loan program was part of the 2009 stimulus bill, intended to jumpstart the US clean energy industry, which now lags the world because of a lack of leadership under the Bush administration. Taxpayers don't p...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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