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 has been studying and reporting about the world's transition to clean energy since 2007. As editor of the world's largest renewable energy publication, Renewable Energy World, she observed, interviewed experts about, and reported on major clean energy milestones including Germany's explosive growth of solar PV, the formation and development of the U.S. onshore wind industry, the U.K. offshore wind boom, China's solar manufacturing dominance, the rise of energy storage, the changing landscape for utilities and grid operators and much, much, more. Today, in addition to managing content on POWERGRID International, she also serves as the conference advisory committee chair for DISTRIBUTECH, a globally recognized conference for the transmission and distribution industry. You can reach her at Jennifer.Runyon@ClarionEvents.com

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