Client Alert
| August 19, 2010
Department of Energy Issues Loan Guarantee Solicitation for Projects that Manufacture Commercial Energy Technology Renewable Energy Systems and Components and Initiates New Online Application Portal
The U.S. Department of Energy (“DOE”) Loan Guarantee Program Office recently issued its fourth loan guarantee solicitation under the American Recovery and Reinvestment Act of 2009 (“ARRA”), which added a new Section 1705 “Rapid Deployment” program for commercial technologies to Title XVII of the Energy Policy Act of 2005 (“Title XVII”). The new solicitation, “Federal Loan Guarantees for Projects that Manufacture Commercial Technology Renewable Energy Systems and Components” (the "Solicitation”), invites borrowers to apply for loan guarantees for projects that manufacture commercial renewable energy systems and components in the United States that will commence construction on or before September 30, 2011. In addition, on August 12, 2010, the DOE announced the launch of a new online application portal that is available for use with all open DOE loan guarantee solicitations, including the Solicitation.
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