GE's Finance Arm Lining Up Green Power Deals: Reuters, by Matt Daily, June 24, 2009 http://planetark.org/wen/53489 General Electric's Energy Financial Services is working on thousands of megawatts of renewable energy projects, but is not likely to move forward until the U.S. government decides on rules for new grants. Funding for new clean energy projects largely dried up last year because of the crisis in the financial markets, and the industry has been awaiting new rules from the Department of Energy on how it will release more than $48 billion in loan guarantees put in place by the Obama administration. Those loan guarantees will change how developers of wind, solar, geothermal and hydropower projects finance their construction, which in turn will determine returns for investors. Still, with the turbulence in the financial markets, there is not likely to be a flood of new renewable projects announced once the government's rules were released.