Clean Energy Looks Buoyant in 2009

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...The US Department of Energy guarantees up to US$18.5 billion in loans for nuclear power facilities, and up to US$2.5 billion for advanced front-end nuclear technology including uranium enrichment. A third solicitation is expected this summer for guarantees on US$8 billion for advanced fossil energy projects.

...The US Department of Energy, DOE, has confirmed US$10 billion in loan guarantees for advanced technology development in efficiency, renewable energy and electrical transmission. Clean transport, construction, batteries, solar, wind, geothermal, tidal and biomass all qualify under the solicitation.

In addition, the loan guarantees up to US$18.5 billion in loans for nuclear power facilities, and up to US$2.5 billion for advanced front-end nuclear technology including uranium enrichment. A third solicitation is expected this summer for guarantees on US$8 billion for advanced fossil energy projects

US wind received large votes of confidence this year with Shell reportedly pulling out of other wind projects, to concentrate on the US market. Wind attracted more investment globally last year than any other non-fossil fuel based technology, including large hydro and nuclear power with a total global investment of US$50.2 billion in 2007.

The EU 2020 energy directive has sought to offer European investment certainty by implementing a framework to govern energy supply, both its source and resource. An approximate 20% of electricity and ‘heating and cooling’ must come from alternative or renewables, with a further 10% required in transportation from ‘sustainable bio-fuels’ by 2020 in each member state.

The EU parliament recently approved new EU waste legislation on waste management, requiring 50% of all household waste and 70% of non-hazardous construction and demolition waste must be recycled by 2020. The EU had been expected to take a firm stance against waste stock-piling describing it as “not a viable solution”. Member states combined currently produce over two billion tonnes of waste a year.

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