California Ethanol and Power moves to part II of DOE loan guarantee program

In California, California Ethanol and Power (CE+P) announced it has advanced through Part I of the U.S. Department of Energy’s Loan Programs Office Title XVII Innovative Energy Loan Guarantee Program and Renewable Energy Projects and Efficient Energy Projects Solicitation, a rigorous first stage of consideration to qualify projects eligible for the program. As a result, CE+P has been invited to submit a Part II Application for a Federal Loan Guarantee.
If awarded, the DOE loan would be used for construction of Sugar Valley Energy, California Ethanol + Power’s planned and permitted 160-acre campus, combining an advanced ethanol biorefinery, bioelectric and biogas generation along with wastewater treatment facilities in Imperial County, CA.
CE+P is currently in the process of securing equity and bond financing for Sugar Valley Energy, with construction expected to begin this year.