Fisker Automotive Loan

Fisker Automotive Loan Comes In At More Than A Half Billion Dollars

By Jeff Siegel
Wednesday, September 23rd, 2009

The DOE announced yesterday that it would be awarding a $529.7 million loan to Fisker Automotive for the development of two plug-in hybrid vehicles.

The first, and probably the most well-known to those familiar with Fisker, is the Karma. This vehicle delivers 50 miles in all-electric mode with a top speed of 125 mph.

The second plug-in - called Project NINA - is Fisker's next model that's expected to come in at a price (including tax credits) of about $40,000. The company has estimated the production of between 75,000 and 100,000, starting in 2012.

Plutonic Power Corporation announced today that it and GE Energy Financial Services will be purchasing the Dokie Ridge wind project in western Canada. This is actually an uncompleted project (144 megawatts) passed along from EarthFirst Canada.

The acquisition is expected to take place in November, and construction is expected to be completed in 2011.

According to earlier estimates, the Dokie project will generate enough electricity to meet the annual needs of 34,000 homes.

jeff signature

Jeff

Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.

Green Chip Review: A new way of life... a new generation of wealth

Green Chip Stocks Editor Jeff Siegel, featured guest on CNBC's Green Week

Your Privacy is Assured.

Get the inside track on the most lucrative stock plays in today's scorching-hot alternative and renewable energy markets.

Sign up for the FREE Green Chip Review daily e-Letter from alternative energy expert Jeff Siegel.

Related Articles

Investing in Lithium Batteries Green Chip Editor Nick Hodge discusses lithium's coming rise to power in the battery world and how you can get ahead of the profit curve.	Mitsubishi Electric Cars Mitsubishi has signed a contract with Peugeot-Citroen to jointly develop and market electric cars.
Project Better Place News Project Better Place, the Israeli/American startup that aims to put millions of electric vehicles on roads worldwide in the next decade, is moving quickly to squelch skepticism with solid technological steps forward.

Rate this article:

Current Rating:

not rated yet

Comment on this Article

Comments:

Comment by lenny on 2009-10-01

What is really going on when we the american taxpayers are being used to fund Al Gore and partners plans to build high priced cars and not here in the U.S.but in Finland?The DOE granted this govt loan,WHY?The pricey cars are unaffordable to most american sends jobs overseas and couldnt our govt at least grant the loan only if the cars are built here in the U.S.Could it be that the reason theyre not built here is the unions which the white house is very supportive of, would drive up Mr GORES LABOR COSTS AND CUT INTO THEIR PROFITS?How in the world did our country ever justify this loan?

The Green Energy Economy Is Here To Stay.

Learn How To Make Its Early Profits.

You'll immediately receive Wind Energy Investments--our breakthrough report from alternative energy expert Jeff Siegel.

Your privacy is assured.

Get your FREE copy of Jeff Siegel's new book, Investing in Renewable Energy: Making Money on Green Chip Stocks. Click here now.

Member Login

Highest Rated

Name:
E-mail:	(Required, will not be made public)
Subject:
Comments:
Verify:	3 + 5 =

User ID:
Password:
Not a Member? Click Here to Join