in News Departments > New & Noteworthy
print the content item

The California Energy Commission (CEC) has approved an agreement with the California Business, Transportation, and Housing Agency that will soon make more than $30 million available to eligible California manufacturing businesses.

Under the Clean Energy Business Financing Program (CEBFP), manufacturers will have the opportunity to apply for low-interest loans using American Recovery and Reinvestment Act State Energy Program funds to help broaden the state- manufacturing base.

The approved contract with the California Business, Transportation, and Housing Agency allows the agency to administer the CEBFP in cooperation with four financial development corporations located throughout California: the Pacific Coast Regional Small Business Development Corp.; the San Fernando Valley Small Business Financial Development Corp.; the State Assistance Fund for Enterprise, Business and Industrial Development Corp.; and the Valley Small Business Development Corp.

The CEBFP is open to California businesses that want to expand, diversify or retool existing facilities to manufacture eligible energy efficiency or renewable energy products, components, systems and technologies.

Loans to qualifying applicants will be a minimum of $50,000 to a maximum of $5 million. Successful applicants must meet program requirements, as well as lending qualifications. Projects must demonstrate program success, leverage other project funds and show profitability.

The CEBFP applications will become available April 7 at energy.ca.gov.

SOURCE: The California Energy Commission


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965