The Department of Energy has extended its offer of $10 billion in federal loan guarantees for projects involving renewable energy, including some hydropower, plus energy efficiency and advanced transmission and distribution technologies. The new deadline for applications is Feb. 26, 2009.
Program applications originally were due Dec. 31. (HNN 7/2/08) DOE issued the original solicitation June 30, after considering comments from developers, suppliers, investors, and inventors on how best to draft the solicitation, authorized by the Energy Policy Act of 2005.
DOE cited extensive interest in the renewables solicitation for its decision to extend the time period. It said the extension should provide adequate time for all interested parties to develop and submit applications. Any project sponsor that already has filed an application may amend, supplement, or revise the application by Feb. 26, 2009.
DOE said it would consider new or improved technologies that could include some forms of hydropower. The department indicated conventional hydropower technology, if already commercially deployed in the U.S., is ineligible.
The department said it is offering the loan guarantees in support of debt financing for eligible projects.
There are three classes of project: manufacturing projects; stand-alone projects; and large-scale projects that use more than one renewable energy technology. The solicitation describes hydropower as including hydropower technology devices in existing impoundments, and ocean wave, tidal, and in-stream energy projects.
Applications are due Feb. 26, 2009. The solicitation can be obtained from the Internet site www.lgprogram.energy.gov under ï¿½Key Documentsï¿½ and ï¿½Energy Efficiency, Renewable Energy and Advanced Transmission and Distribution Technologies Solicitation.ï¿½ The document is