U.S. Department of Energy Closes on $1.4 Billion Loan to Nissan for Leaf Development in the U.S.
by AlwaysGreen - January 29th, 2010. Tagged as: Biofuels, Climate Policy, Electric and Hybrid Vehicles, Global Green, Green Business, Green Collar Jobs, Green Lifestyle.Secretary Chu of the U.S. Department of Energy (D.O.E.) announced today the closing of a $1.4 billion loan for Nissan to develop their new all-electric Leaf in the U.S.
The loan was a part of the U.S. Advanced Technology Vehicle Loan Program and was originally set for $1.6 billion.
The funds will be used to develop and manufacture Nissan’s all-electric vehicle Leaf in the state of Tennessee. The loan will also create 1,300 new full-time jobs plus other construction jobs developing the manufacturing facility.
Also within the announcement Secretary Chu discussed all forms of new electric and hybrid vehicle technologies including cleaner gasoline development and natural gas power.
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