| DOE has launched a
new Web site to support its $2 billion Loan Guarantee Program, which was
announced on August 7th. The site includes a solicitation that was released
on August 8th, calling for projects that support the President's Advanced
Energy Initiative. Specifically, the solicitation requests proposals
relating to biomass, hydrogen, hydropower, solar, and wind energy; hybrid
and alternative fuel vehicles; and industrial energy efficiency. Also
included in the solicitation are projects related to the efficient and
reliable delivery of electricity, pollution control equipment, carbon
sequestration, and advanced coal technologies. DOE plans to select loan
guarantee commitments totaling as much as $2 billion, but there's a catch:
since DOE does not expect to receive congressional appropriations to cover
the costs of the loan guarantees, borrowers will likely have to pay the
subsidy cost up front, when closing the loan. The pre-application due date
is November 6th.
Although the current solicitation is aimed
specifically at the Advanced Energy Initiative, future loan guarantee
solicitations may be broader. The guidelines released on August 14th spell
out 10 categories of projects for loan guarantees: renewable energy systems;
hydrogen fuel cells; production facilities for fuel-efficient vehicles;
energy-efficient end-use technologies; advanced nuclear energy facilities;
advanced fossil energy systems; efficient electrical generation,
transmission, and distribution; carbon capture and sequestration; pollution
control systems; and refineries. See the
Loan Guarantee Program Web site and download the solicitation (PDF
238 KB) and the guidelines
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