Renewable and efficient energy loan guarantees

In support of President Obama’s Climate Action Plan, the US DOE has issued a loan guarantee solicitation making as much as US$ 4 billion in loan guarantees available for innovative renewable energy and energy efficiency projects located in the US that avoid, reduce, or sequester greenhouse gases. This solicitation represents the next step in the DOE’s commitment to support the deployment of innovative, clean energy technologies at commercial scale in the US.

The Renewable Energy and Efficient Energy Projects Loan Guarantee Solicitation is intended to support technologies that are catalytic, replicable and market ready. Within the solicitation, the DOE has included a sample list illustrative of potential technologies for consideration. While any project that meets the appropriate requirements is eligible to apply, the DOE has identified five key technology areas of interest:

• Advanced grid integration and storage.
• Drop in biofuels.
• Waste to energy.
• Enhancement of existing facilities including micro hydro or hydro updates to existing non-powered dams.
• Efficiency improvements.

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Secretary Ernest Moniz said, ‘as the President emphasised in his Climate Action Plan, it is critical that we take an all of the above approach to energy in order to cut carbon pollution, help address the effects of climate change and protect our children’s future. Investments in clean, low carbon energy also provide an economic opportunity. Through previous loan guarantees and other investments, the Department is already helping launch or jumpstart entire industries in the US, from utility scale wind and solar to nuclear and low carbon fossil energy. Today’s announcements will help build on and accelerate that success.’

Adapted for web by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/04072014/doe_energy_renewables_loan/