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DOE Loan Guarantee Program

Strong Federal Endorsement Could Spur First U.S. Offshore Wind Farm to Begin Construction This Year

July 6, 2014 by Kit Kennedy
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Federal Wind Project Support

News out from the federal Department of Energy suggests a promising future for U.S. offshore wind power. The agency announced it is backing the Cape Wind project in Massachusetts—long expected to be the nation’s first utility-scale offshore wind farm—with a $150 million loan guarantee.[read more]

DOE Offers First Offshore Wind Loan Guarantee

July 4, 2014 by Tom Carlson

DoE and Offshore Wind Loans

The Department of Energy made a provisional commitment to a $150 million loan guarantee for the Cape Wind offshore wind power project in Massachusetts. With that pledge, Cape Wind will have raised nearly 60 percent of the estimated $2.5 billion it needs to build what could be the nation’s first offshore wind farm.[read more]

Loan Guarantees Are Back: DOE Targets 'Catalytic' Grid Integration Technology

April 18, 2014 by Stephen Lacey
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Three years after the Department of Energy issued its last loan guarantee to a renewable energy project, the program is officially back in action. Ending a long hiatus, the DOE indicated that it would finally use the remaining $1.5 billion allocated by Congress for loans to clean energy project developers.[read more]

DOE Loan Program: Junk-Grade Investments or Smart Portfolio Management?

December 13, 2013 by Herman Trabish

The numbers suggest Department of Energy loan guarantees played a significant role in United States solar’s enormous emerging success -- but a new report claims that the program was actually plagued by cronyism and lobbying.[read more]

Solyndra Is Not The Failure It Appears

November 20, 2011 by James Greenberger
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Properly understood the DOE’s loans and grants are investments in technology, not in individual companies. Individual companies may come and go. Ownership of the financed technologies may change. Whether the stockholders of Solyndra make a return on their investment or are wiped out in a bankruptcy matters little to the DOE or to U.S. taxpayers. What is important is that the technology that was financed continues to develop, that the domestic know-how with respect to that technology continues to build, and that a market for the technology begins to develop. Those are the measures of success for a government technology investment, not the success or failure of a private business that happened at one time to own the technology.[read more]

US Renewables Need A Fallback Plan

August 8, 2011 by Geoffrey Styles
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When I described some of the energy implications of the debt limit crisis last month, the most serious ones were associated with a default by the US government in the event the debt ceiling wasn't extended. That risk has been resolved, for now. But that doesn't mean that everything looks rosy, especially for renewables. Renewable energy...[read more]