California's clean energy future threatened by federal delays, state officials say
Plans for a massive expansion of clean energy in California are being jeopardized by federal foot-dragging, according to state officials who say that more than 20 nearly shovel-ready solar and wind projects are being held up by the U.S. Department of Energy. The projects are valued at as much as $30 billion, according to estimates by Gov. Arnold Schwarzenegger's office. But the Department of Energy's laborious procedures to guarantee loans threaten to stymie construction financing for many of the projects, and builders could lose out on more than $10 billion in federal stimulus funding if they can't start digging by the end of the year. At stake are more than 12,000 new, high-paying construction and manufacturing jobs and the opportunity to replace a large portion of the state's fossil fuel-powered electric generation with nonpolluting energy. Source: LATimes
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