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US Supreme Court Rejects Challenge to Cape Wind

On January 28, the United States Supreme Court denied the petition of the Ten Taxpayers Citizens Group for review of the decision of the First Circuit Court of Appeals which had upheld the Army Corps of Engineers granting of the permit for Cape Wind’s offshore data tower. The Ten Taxpayers argued that Cape Wind’s data tower was subject to the jurisdiction of the Commonwealth of Massachusetts, even though the data tower is located in Federal waters. Jim Gordon, President of Cape Wind, said “We are pleased with the United States Supreme Court decision and we look forward to completion of the permitting review of this important renewable energy project.”

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GE Commercial Finance to Service Clean Tech Companies

GE Commercial Finance is launching an initiative to provide financial solutions to the growing number of companies focused on clean energy and related technologies. The initiative is a joint effort of GE Commercial Finance’s Technology Lending and Energy Financial Services businesses. Technology Lending, a unit of Global Media & Communications, provides debt financing to technology-related businesses, including emerging growth companies. Energy Financial Services provides financial products including structured equity, leveraged leasing, partnerships and project finance to companies throughout the energy industry. The joint initiative combines the structuring and underwriting expertise of Technology Lending and the industry expertise of Energy Financial Services to provide a full range of financing products and services to companies that deliver clean or renewable energy directly, or develop new technologies for cleaner and more efficient energy generation and distribution. Among the key market segments are distributed generation, including fuel cells, solar/photovoltaics, wind and wave power technology, and biomass gasification; oil & gas, including “clean fuels”; pollution control technologies; transportation components, including motors; energy storage; energy related information technology; and transmission and distribution. “Broad global trends are encouraging development and application of clean energy technologies,” said Bill DeMars, managing director, Technology Lending. “These trends include renewable energy […]

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