U.S. offers $10 billion in loan guarantees for renewables

The Department of Energy is offering $10 billion in federal loan guarantees for projects involving renewable energy, including some hydropower, plus energy efficiency and advanced transmission and distribution technologies. Applications for the program are due Dec. 31.

DOE issued the 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. (HNN 4/18/08)

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.

DOE issued two other solicitations June 30 covering advanced nuclear facilities. The three solicitations offer a total of up to $30.5 billion in federal loan guarantees for projects that employ advanced technologies and avoid, reduce, or sequester emissions of air pollutants or greenhouse gases.

Additionally, DOE said it expects by the end of July to notify applicants who responded to a solicitation for partnerships to test, demonstrate, validate, and develop advanced waterpower technologies. (HNN 4/21/08)

The new solicitation, No. DE-PS01-08LG00001, can be obtained from the Internet site www.lgprogram.energy.gov under �Key Documents� and �Energy Efficiency, Renewable Energy and Advanced Transmission and Distribution Technologies Solicitation.� The document is www.lgprogram.energy.gov/EERenewableSolicitation.pdf.


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