WASHINGTON, D.C., U.S. 9/3/09 (PennWell) — A free instructional webinar for companies interested in applying for loan guarantees for new renewable energy projects, including hydropower, will be held at 1 p.m. Eastern time Sept. 8.
The Obama administration is providing up to $30 billion in loan guarantees to companies investing in new renewable projects. The Department of Energy will be holding on Tuesday the first of several free instructional webinars to help lenders and applicants navigate the process of applying for the loan guarantees.
The webinar will “provide clear suggestions on how to write a complete and strong application that presents your project’s merits for the competitive technical review process,” the DOE said in a statement.
The agency said it is especially interested in projects that would begin construction before Sept. 30, 2011.
The webinar is free, but space is limited, the agency said. To reserve a spot, go to: www1.gotomeeting.com/register/384648697
The loan guarantees are designed to help companies secure private financing for hydropower, wind, solar, and biomass projects. The guarantees are expected to help companies obtain private financing that would otherwise be hard to get in these tough economic times, DOE said.
Projects that improve the reliability, efficiency, and security of the nation’s electricity grid also are eligible for loan guarantees under the program, which was announced last month. (HydroWorld 8/4/09)