US Dept. of Energy
At the National Clean Energy Summit 8.0 in Nevada, President Obama announced that the Loan Programs Office (LPO) has issued guidance for potential applicants on the kinds of Distributed Energy Projects it can support, in the form of supplements to its existing Renewable Energy and Efficient Energy (REEE) Projects and Advanced Fossil Energy Projects solicitations. In addition, the President announced that the LPO has initiated the process to increase the loan guarantees available under the REEE and Advanced Fossil Energy Projects Solicitations by up to an additional $1 billion.
President Obama’s announcement sends a clear signal that the Energy Department can support distributed energy projects. LPO’s guidance provides examples of the types of financial structures LPO will consider in connection with distributed energy projects.
- Supplement to Loan Guarantee Solicitation for Advanced Fossil Energy Projects regarding Distributed Energy Projects
- Supplement to Loan Guarantee Solicitation for Renewable Energy and Efficient Energy Projects regarding Distributed Energy Projects
More information is available on the Distributed Energy Projects Fact Sheet.