March 3, 2011
The Department of Energy's Loan Guarantee Program for Clean Energy Technologies
The goal of the Department of Energy's Loan Guarantee Program (Program), as defined in the Energy Policy Act of 2005, is to provide Federal support, in the form of loan guarantees, to spur commercial investments in clean energy projects that use innovative technologies. The American Recovery and Reinvestment Act of 2009 amended the Energy Policy Act and temporarily expanded the Program by providing loan guarantees for renewable energy systems, electric transmission systems and leading edge biofuels projects. The Department estimates that the Program, one of the largest of its kind in U.S. history, can guarantee up to $71 billion in loans.
Topic: Financial Assistance