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DOE Unveils Financial Institution Partnership Program to Provide Loan Guarantees to Conventional Renewable Energy Generation Projects by Ted J. Murphy
Hunton & Williams LLP - Washington Office
Enid L. Veron
Hunton & Williams LLP - New York Office
Patrick J. McCormick
Hunton & Williams LLP - Washington Office
Patrick Currier
Hunton & Williams LLP - Washington Office
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October 12, 2009
Previously published on October 2009
A much-anticipated solicitation to provide loan guarantees to support "commercial technology" renewable energy generation projects - such as wind, solar, biomass, geothermal, and incremental hydropower - that are prepared to "commence construction" by September 30, 2011, was released by the U.S. Department of Energy (DOE) on October 7. The solicitation is part of the Obama administration's continued efforts to encourage the development of renewable energy resources to produce clean, low-carbon electricity and stimulate the economy through the creation of domestic green jobs.
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