DOE Issues Update to Its Loan Guarantee Programs

The Loan Program Office of the U.S. Department of Energy recently introduced a number of important updates to the Loan Guarantee Solicitation for Applications for Renewable Energy and Energy Efficiency Projects as well as to the Loan Guarantee Solicitation for Applications for Advanced Fossil Energy Projects.

The Solicitations were issued pursuant to Title XVII of the Energy Policy Act of 2005. These updates include the recent extension of the submission deadlines for Part 1 and Part 2 of the applications, the payment schedule of applicable fees under the Facility Plan3, and clarification concerning the prohibition against using additional federal support concurrently with the loan guarantee.

Kilpatrick Townsend recently analyzed the DOE Updates and issued a comprehensive research note, here.