This is an excerpt from EERE Network News, a weekly electronic newsletter.

March 27, 2002

California Offers $30 Million for Clean Energy in Industry

The California Power Authority, a new state agency created during last summer's electricity crisis, announced last week the availability of $30 million for low-interest financing for manufacturing companies using or producing clean energy products. The power authority defines clean energy as renewable energy, energy efficiency, or "clean" distributed generation. The low-cost loans will go either to manufacturers that purchase and install such technologies, or to manufacturers who want to establish or expand facilities to produce such technologies. The announcement marks the first substantive program announced by the authority. See the California Power Authority press release (PDF 59 KB) Download Acrobat Reader