Loan Guarantees for U.S. Renewables Making a Comeback

Loan Guarantees for U.S. Renewables Making a Comeback

Posted by Pete Danko
Thursday, April 17, 2014 - 2:30pm
 
Federal loan guarantees for renewable energy, which spurred the development of massive projects like the recently completed Ivanpah Solar Electric Generating System in California – and roiled the 2012 elections – are emerging from hibernation.
 
More than two years after closing the last such loan guarantee, the U.S. Department of Energy announced on Wednesday that it intends to make up to $4 billion available “for innovative renewable energy and energy efficiency projects located in the U.S. that avoid, reduce, or sequester greenhouse gases.”
 
CATEGORY: Energy