Energy and Clean Technology Alert: Department of Energy To Expedite Clean Energy Grants; Summary of Grant Allocation

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The Department of Energy (DOE) aims to obligate half of its $32.7 billion in American Recovery and Reinvestment Act (ARRA) funding by September 30, 2009. Appearing at the Solar Economics Forum in Washington, D.C. on September 9, Sanjay Wagle, a Renewable Energy Advisor on the Recovery Act Team with the DOE, said that the agency will soon begin dispensing the funds “in a much shorter time frame than what has previously been done,” as the DOE moves to obligate half of its $32.7 billion by the end of this September—the close of the federal fiscal year. “We’ve dispensed about a third of the grants, and we are just getting to the beginning on the loan guarantees,” Wagle said.

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Published In: General Business Updates, Energy & Utilities Updates, Environmental Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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