DOE Announces Plans for Future Loan Guarantee Solicitations
April 11, 2008
The U.S. Department of Energy announced plans to issue loan guarantee solicitations this summer for up to $38.5 billion to help accelerate the commercialization of innovative, environmentally friendly energy technologies.
The selection criteria for clean energy projects under these solicitations will focus on the:
Avoidance of greenhouse gases and air pollutants
Speed at which technologies can be commercialized
Cost-saving potential for consumers
Prospect of repayment
Potential for long-lasting success of these technologies in the marketplace.
Technologies can include renewable energy and energy efficiency technologies, as well as advanced electricity transmission and distribution technologies.
For more information, read the DOE press release.