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Renewable energy loan guarantee

Hydrocarbon Engineering,

Secretary Steven Chu announced on 20th August 2010 that the Department of Energy was extending the application deadline for the July 2009 energy efficiency, renewable energy and advanced transmission and distribution technologies solicitation. The Round 8, Part 1 application deadline is October 5th, 2010. This gives companies an additional six weeks to apply for a loan guarantee under Section 1703, and if qualified, under Section 1705, provided by the American Recovery and Reinvestment Act.

‘The Department is committed to brining as many commercial renewable projects online as possible to help us meet our clean energy goals and generate more jobs,’ said Secretary Chu. ‘By extending the time applicants can file, we will be able to support additional projects that diversify the country’s clean energy mix and strengthen our economy.’

Round 8 is intended to give companies additional time to develop and submit Part I applications. The Round 8 Part II application deadline is December 31st 2010. The application deadline of August 24th 2010 for Round 7 Part I applications remains the same.

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