Obama announces new loans for projects Nevada has halted

(Thomas Mitchell) – How ironic.

On the day Obama is to speak to Harry Reid’s clean energy confab, his administration announces $1 billion in new loan guarantees for distributive energy — rooftop solar panels mostly — at the very time Nevada has shut down rooftop solar construction because it has hit a cap 235 megawatts.

Energy Secretary Ernest Moniz, who is currently speaking at the confab, said there is a “major opportunity” to expand the share of solar energy around the United States.

“At the Department of Energy, we are providing a significant focus on the issue of distributed energy tech and the infrastructures, the grid infrastructures, that we need to integrate these fully into the system,” Moniz said, according to The Hill.

Mr. Mitchell publishes the 4TH ST8 Blog at www.4thst8.wordpress.com.