Renewable Gossip

U.S. Energy Secretary Steven Chu announced yesterday that the Department of Energy will provide up to $30 billion in loan guarantees for renewable energy projects. The announcement corresponded with the release of two new loan guarantee solicitations funded through the American Recovery and Reinvestment Act of 2009 (ARRA) and through 2009 appropriations. The long-awaited solicitations provide crucial details regarding the application process for both the legacy loan guarantee program for innovative projects (referred to as the section 1703 program) and a newly established program for projects using proven technologies (referred to as the section 1705 program).