martindale.com
Legal Library
|
DOE Creates Financial Institution Partnership Program in Connection with Solicitation for Renewable Energy Loan Guarantee Applications by Sutherland Asbill & Brennan LLP - Washington Office
|
|
October 14, 2009
Previously published on October 12, 2009
On October 7, 2009, the Department of Energy ("DOE") announced its first solicitation (the "Solicitation") for applications under the new Section 1705 renewable energy loan guarantee program, which was created by the American Recovery and Reinvestment Act ("ARRA"; more commonly known as the "Stimulus"). The Section 1703 loan guarantee program that was created by the Energy Policy Act of 2005 continues to be available for renewable energy projects as well. Under this Solicitation, DOE is making available loan guarantees with an aggregate subsidy cost of $750 million, which is expected to support as much as $4 billion to $8 billion in guaranteed lending to eligible projects. Loan guarantees issued under this Solicitation are limited to 80% of total project cost.
|
The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
| | View More Library Documents By... | | | |
| | | | Sutherland Asbill & Brennan LLP Overview |
Practice Area Resource Centers
|
|