Department of Energy Announces $30 Billion Loan Guarantee Program for Renewable Energy Projects and Transmission Grid Modernization


The U.S. Department of Energy announced last week that it will begin a new round of solicitations for its loan guarantee program. Initial applications under the program are due September 14, 2009. The Department of Energy intends to provide up to $30 billion in loan guarantees for renewable energy projects and projects that increase the reliability, efficiency, and security of the nation’s transmission system. The program relies on funds made available by the Recovery Act as well as through 2009 annual appropriations.

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