Opportunities Under DOE’s Financial Institutions Partnership Program
Last month, the U.S. Department of Energy (DOE) issued a solicitation for one of the most eagerly anticipated Recovery Act energy programs: loan guarantees for renewable energy projects that use commercial technologies. Unlike earlier DOE loan guarantee programs for “new or significantly improved technologies,” the DOE will allow approved commercial lenders to lead the application, diligence and documentation, which should expedite the process for obtaining DOE-backed financing.
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