DOE makes loan guarantees for energy efficiency, renewable energy
Penn Energy, April 29, 2014The U.S. Department of Energy has made a pair of announcements designed to promote the development of hydroelectric power and other renewable energy technologies in support of the Obama administration’s “all-of-the-above” plan.
The first, a DOE draft loan guarantee solicitation issued April 16, could provide as much as $4 billion in loan guarantees for “innovative renewable energy and energy efficiency projects located at the U.S. that would avoid, reduce or sequester greenhouse gases.”
DOE said the Renewable Energy and Efficient Energy Projects Loan Guarantee is “intended to support technologies that are catalytic, replicable and market ready” and is designed to help overcome financial barriers in the deployment of “innovative, clean energy technologies.”