Angels Lending Group vows support of Renewable Energy Development by US Dept of the Interior

PRLog (Press Release) – Jun 30, 2009 – Angels Lending Group Officials recently convened to discuss the dependence on foreign oil and the path that was possible to be paved by the private sector. ALG Officials discussed the possibilities of what private sector companies could do to improve these measures and how budget appropriations could further this cause. The recent US Department of the Interior had critical citations of the nations dependence on foreign oil.
Citing the critical need to reduce the nation’s dependence on foreign oil, build a clean energy economy and create new jobs, Secretary of the Interior Ken Salazar today issued a Secretarial Order making the production, development, and delivery of renewable energy top priorities for the Department.
“More so than ever, with job losses continuing to mount, we need to steer the country onto a new energy path,” Salazar said. “One that creates new jobs and puts America out front in new, growing industries, one that promotes investment and innovation here at home and one that makes wise use of our domestic resources.”
Angels Lending Group offered a strong support on the recent remarks laid by the Secretary, and agreed to help realize that goal of a new energy path.
In addition to making renewable energy production a top priority for the Department, Salazar’s Secretarial order establishes an energy and climate change task force that will spur this agenda and identify specific zones on U.S. public lands where Interior can facilitate a rapid and responsible move to large-scale production of solar, wind, geothermal, and biomass energy.
For these renewable energy zones to succeed, Salazar pointed out, Interior will need to work closely with other federal agencies, states and American Indian tribes to determine what electric transmission infrastructure and transmission corridors are needed to deliver these renewable resources to major population centers.
“We will assign a high priority to identifying renewable energy zones and completing the permitting and appropriate environmental review of transmission rights-of-way applications that are necessary to deliver renewable energy generation to consumers,” Salazar said. “We have to connect the sun of the deserts and the wind of the plains with the places where people live.”
Angels Lending Group affirmed that their underwriting department would be looking favorably on projects that were in promotion of the suns of the lower Midwest, and the wind plains across America.
Interior manages one fifth of the country’s landmass, over 1.7 billion offshore acres, and lands with some of the highest renewable energy potential in the nation. Interior’s Bureau of Land Management has identified about 21 million acres of public land with wind energy potential in the 11 western states and about 29 million acres with solar energy potential in the six southwestern states. There are also 140 million acres of public land in western states and Alaska that have geothermal resource potential.
In addition, there is significant wind and wave energy potential offshore. The National Renewable Energy Lab has identified more than 1,000 gigawatts of wind potential off the Atlantic coast, and more than 900 gigawatts of wind potential off our Pacific Coast.
The task force will prioritize the permitting and appropriate environmental review of transmission rights-of-way applications that are necessary to deliver renewable energy generation to consumers. The task force will work to resolve obstacles to renewable energy permitting, siting, development, and production.
Angels Lending Group voiced their support for the new formation of the task force and said that prioritizing permitting for these causes was an utmost importance.
To help accomplish these goals, Interior may need to revise existing policies or create new policies, Salazar said, citing as examples the Geothermal, Wind, and West-Wide Corridors Programmatic Environmental Impact Statements and their respective Records of Decisions. Interior will also finalize a regulation for offshore renewable development.
Salazar explained that the Department of the Interior will continue to responsibly develop oil and gas resources on public lands. “In the last six weeks we have had five major oil and gas lease sales onshore, netting more than $32 million in revenue for taxpayers. And next week, I will be traveling to New Orleans to participate in a lease sale for the Central Gulf of Mexico. These will add important resources to our domestic energy production.”
Angels Lending Group spokesmen stated that these causes could be greatly assisted by the private sector and offered their affirmation to help to improve the US Department of the Interior's goals.

# # #

Angels Lending Group Corporation is a Private Lending Institution that works with Federal Governing Regulatory Bodies to utilize the Institutional Side of Banking with company funds to facilitate Green & Humanitarian Based Loans to Borrowers.