U.S. Government Has $4.5B to Lend to Renewable Energy Project Developers


Michael Reed, Director, Technical and Project Management Division at the U.S. Department of Energy is eager to put the money he has in his budget to work building out the next generation of large renewable energy projects. 

And it’s a lot of money. 

The loan program office was recently funded by Congress and will be accepting applications for projects on a rolling basis until September 2019. Reed, who happens to have a background in water power, said he’d be interested in pumped storage hydro projects in addition to other renewable energy projects. The video below offers more details on who should apply, the fees involved and how to do it.

For Further reading:

DOE Loan Guarantee Program Turns a Profit

Application Deadline Calendar (DOE website)

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Jennifer Runyon
Jennifer Runyon is chief editor of RenewableEnergyWorld.com and Renewable Energy World magazine, coordinating, writing and/or editing columns, features, news stories and blogs for the publications. She also serves as conference chair of Renewable Energy World International Conference and Expo. Formerly, she was the managing editor of Innovate Forum, an online publication that focused on innovation in manufacturing. Prior to that she was the managing editor at Desktop Engineering magazine. In 2008, she won an "Eddy Award" for her editing work on an article about solar trees in Vienna. In 2010, RenewableEnergyWorld.com was awarded an American Business Media Neal Award for its eNewsletters, which were created under her direction. She holds a Master's Degree in English Education from Boston University and a BA in English from the University of Virginia.

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