WASHINGTON - The U.S. Department of Energy (DOE) has announced that it will issue a solicitation in June offering up to $10 billion in loan guarantees for energy efficiency, renewable energy, and electric transmission projects.
The $10 billion will be part of a larger $38.5 billion loan
guarantee package that will support a variety of energy technologies. Selection
criteria for the clean energy projects will focus on the avoidance of emissions
of greenhouse gas emissions and other air pollutants; the speed at which
technologies can be commercialized; the cost-saving potential for consumers;
the prospect of loan repayment; and the potential for long-lasting success of
these technologies in the marketplace. To support the launch of the
solicitations in June, DOE has also published an implementation plan for its
Loan Guarantee Program.
For more information, visit the Loan Guarantee Program Website at
May 14, 2008: DOE to Offer $10 Billion in Efficiency, Renewables Loan Guarantees
May 14, 2008