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U.S. Department of Energy Announces Loan Guarantee Program to Help Accelerate Financing of Conventional Renewable Energy Projects
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November 5, 2009
Previously published on October 2009
On October 7, 2009, the U.S. Department of Energy (the "DOE") issued its long-awaited solicitation (the "Solicitation") of applications for loan guarantees to support conventional renewable energy generating projects. The new program, authorized under the American Recovery and Reinvestment Act of 2009 (the "Recovery Act"), invites commercial lender participation in a Financial Institution Partnership Program ("FIPP") that is intended to leverage the expertise and esources of the private capital markets.
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