Department of Energy Issues Draft Renewable Energy and Efficient Energy Projects Solicitation to Foster Clean Energy Innovation

WASHINGTON, D.C. – April 16, 2014 – (RealEstateRama) — In support of the Administration’s all-of-the-above energy strategy, the Department of Energy issued a draft loan guarantee solicitation today for innovative renewable energy and energy efficiency projects located in the U.S. that avoid, reduce, or sequester greenhouse gases. When finalized, the solicitation is expected to make as much as $4 billion in loan guarantees available to help commercialize technologies that may be unable to obtain full commercial financing. This draft solicitation represents another step in the Department’s commitment to help overcome the financial barriers to the deployment of innovative, clean energy technologies.

“Through our existing renewable energy loan guarantees, the Department’s Loan Programs Office helped launch the U.S. utility-scale solar industry and other clean energy technologies that are now contributing to our clean energy portfolio,” said Secretary Ernest Moniz. “We want to replicate that success by focusing on technologies that are on the edge of commercial-scale deployment today.”

The Renewable Energy and Efficient Energy Projects Loan Guarantee solicitation is intended to support technologies that are catalytic, replicable, and market ready. Within the draft solicitation, the Department has included a sample list illustrative of potential technologies for consideration. While any project that meets the eligibility requirements is eligible to apply, the Department has identified five key technology areas of interest: advanced grid integration and storage; drop-in biofuels; waste-to-energy; enhancement of existing facilities; and efficiency improvements.

The Department welcomes public comment on a range of issues and will consider public feedback in defining the scope of the final solicitation. In addition to initiating a 30-day public comment period, a schedule of public meetings will be posted on the Department’s website. The draft solicitation can be found online at http://lpo.energy.gov.

Once the solicitation is finalized, the Department’s Loan Programs Office (LPO) will be accepting applications in three areas, which also include the $8 billion Advanced Fossil Energy Projects Solicitation that was released in December 2013 and the $16 billion Advanced Technology Vehicle Manufacturing (ATVM) loan program.

Currently, the LPO supports a diverse portfolio of more than $30 billion in loans, loan guarantees, and commitments, supporting more than 30 projects nationwide. The projects that LPO has supported include one of the world’s largest wind farms; several of the world’s largest solar generation and thermal energy storage systems; and more than a dozen new or retooled auto manufacturing plants across the country.

SHARE
DOE

The U.S. DOE Energy Efficiency and Renewable Energy (EERE) provides information on energy efficiency and renewable energy technologies.

The Office of Energy Efficiency and Renewable Energy  works to strengthen the United States' energy security, environmental quality, and economic vitality in public-private partnerships. It supports this goal through: Enhancing energy efficiency and productivity, Bringing clean, reliable and affordable energy technologies to the marketplace, and Making a difference in the everyday lives of Americans by enhancing their energy choices and their quality of life.

Contact:

Office of the Assistant Secretary
Energy Efficiency and Renewable Energy
Mail Stop EE-1
Department of Energy
Washington, DC 20585

Phone: 1-877-EERE-INF (1-877-337-3463)

Previous articleSouthland Home Sales Stuck at 6-year Low; Median Price Rises to 6-Year High
Next articleBuilder Confidence Holds Steady in April