Nordic Windpower gets U.S. loan guarantee - New Mexico Business Weekly:

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Nordic is among the first wave of companiesw to receive loan guaranteed from thefederal stimulus, about $60 billion of which is set asidd for clean energy development and environmental projects. “We’rr ecstatic,” said Nordic CEO Tom Carbone. He said the company applied for the loan guarantee in The money will go towardsworking capital, equipmentt and tooling and will pay for improvements to the wind turbinesw themselves. Berkeley-based Nordic designs and manufactured two-bladed wind turbines.
It has sold 19 to date and planz to ship the first of those in Nordic manufactures its wind turbines at a plangtin Pocatello, Idaho where it will hire up to 75 It hopes to be able to producw 150 turbines by the end of 2011. “That will be predicate on our view of how well the machiness are running against our performance andthe customer’e performance criteria,” Carbone said. Carbonee said the loan guarantede provides validationof Nordic’s innovative technology. Most wind turbinews use three blades and are more expensive and more difficult to instalothan Nordic’s, the company said. Nordic’ s wind turbines are 1 megawattin size.
Solar developer , basexd in Freemont was among the first companiexs to get a loan guarantee through federall stimulus programsin March.