Energy Dept. closes $117M loan to Kahuku Wind Power
July 28th, 2010
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The U.S. Department of Energy announced today that it has finally closed its $117 million low-interest loan guarantee to Kahuku Wind Power , developer of a 30-megawatt wind power project slated to keep the lights on in 7,700 homes in Kahuku, Hawaii, and create 200 jobs on the island of Oahu. Renewable sources of energy are of particular interest in Hawaii, where gasoline prices are inflated by the need to export oil supplies. Funding wind and solar projects could wean the islands off this dependency, dramatically slashing their carbon footprints
