Energy Department revises loan program for renewable energy technologies

The U.S. Department of Energy has issued the final rule amending the department’s regulations for its Loan Guarantee Program.

The program is intended to encourage investment in innovative renewable energy, including hydropower technologies.

The revision allows for increased participation in the program by financial institutions and other investors.

Under the rule change, the Loan Guarantee Program will be able to consider financing projects together with other lenders and will be able to provide loan guarantees to projects with multiple participants.

For more information on the program, click here

For more hydroelectric industry news and information, click here

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