Foley: Department Of Energy Announces New Loan Guarantee Program For Renewable Energy And Energy Efficiency Projects.

The Department of Energy’s Loan Program Office (the “DOE”) announced on April 16, 2014, a new loan guarantee program for up to $4 billion under Section 1703 of Title XVII of the Energy Policy Act. The announcement coincides with the DOE’s release of a Draft Renewable Energy and Energy Efficiency Project Solicitation (the “Draft Solicitation”) for innovative renewable energy and efficient energy projects in the U.S. that reduce, avoid, or sequester greenhouse gases. The aim of the Draft Solicitation is to foster renewable energy and energy efficiency technologies that are “catalytic, replicable, and market ready.”

The Draft Solicitation identifies five (5) technology areas of interest to the DOE.

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Last Updated: May 15 2014

Article by Jason W. Allen and Justus J. Britt

Foley & Lardner



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