DOE Offers Up to $2 Billion in Loan Guarantees for Renewable Energy

Washington, DC [] Department of Energy’s Loan Guarantee Program Office released a Solicitation Announcement for projects eligible to receive up to $2 billion in loan guarantees under Title XVII of the Energy Policy Act of 2005. To be eligible for this solicitation, early commercial projects for vehicles, homes or businesses must use new or significantly improved technologies in biomass; hydrogen; solar; wind and hydropower; fossil energy coal; carbon sequestration practices and technologies; efficient electricity transmission and delivery and energy reliability; alternative fuel vehicles; industrial energy efficiency projects; and pollution control equipment. DOE anticipates that the borrower for any approved project will be required to pay the cost of the loan guarantee subsidy. Pre-applications are due by November 6, 2006.
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