April 25, 2010 | admin | Comments 0

Opinion: Government backed geothermal projects have banks opening their pocketbooks

Clifford Bryan of theexaminer.com notes that “The Obama administration is serious about getting the economy going in the right direction. To do this they have poured billions into renewable energy. Vulcan Power Co. recently secured a $108 million investment from Denham Capital to develop 300 megawatts of geothermal power in Nevada. The government backed project made it much easier for the bank to come in on the deal.”

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