Audit Report: IG-0849

The Department of Energy's Loan Guarantee Program for Clean Energy Technologies

Office of Inspector General

March 3, 2011

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 

  • Audit Report: IG-0849 (251.63 KB)
    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.