DOE Guarantees $10 Billion in Loans for Green Energy Projects

Aug. 5, 2008

The U.S. Department of Energy (DOE) is offering $10 billion in loan guarantees for projects involving energy efficiency, renewable energy, and advanced transmission and distribution. The agency is seeking projects relating to biomass, geothermal, solar, and wind energy, as well as projects involving hydropower, alternative fuel vehicles, and energy efficiency.

In addition to general energy-efficiency projects, the solicitation specifically requests projects relating to energy-efficient building technologies and efficient electricity transmission, distribution, and storage. DOE intends to issue loan guarantees for standalone projects, as well as projects relating to manufacturing technologies and the large-scale integration of renewable energy, energy efficiency, and energy-storage technologies into the electrical grid. The agency issued a solicitation in July for the loan guarantees, along with two solicitations for nuclear power that increase the total loan guarantee package to $30.5 billion.

DOE's Loan Guarantee Program was established by the Energy Policy Act of 2005 and is intended only for projects that avoid, reduce, or sequester greenhouse-gas emissions and employ "new or significantly improved technologies as compared to commercial technologies in service in the United States."

A technology is considered to be commercialized if it has been installed in three or more commercial projects in the United States and has been in service for at least 5 years. The solicitation includes an illustrative list of technologies, but does not restrict applications to technologies on that list. The guarantees can be issued for loans of up to 80 percent of a project's total cost.

Applications are due on Dec. 31. Go to the Loan Guarantee Program website ( for more information.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Building Better Schools

Download this digital resource to better understand the challenges and opportunities in designing and operating educational facilities for safety, sustainability, and performance...

Tips to Keep Facility Management on Track

How do you plan to fill the knowledge gap as seasoned facility managers retire or leave for new opportunities? Learn about the latest strategies including FM tech innovations ...

The Beauty & Benefits of Biophilic Design in the Built Environment

Biophilic design is a hot trend in design, but what is it and how can building professionals incorporate these strategies for the benefits of occupants? This eHandbook offers ...

The Benefits of Migrating from Analog to DMR Two-Way Radios

Are you still using analog two-way radios? Download this white paper and discover the simple and cost-effective migration path to digital DMR radios that deliver improved audio...