DOE Federal Loan Guarantees for Projects that Employ Innovative Energy Efficiency, Renewable Energy, and Advanced Transmission and Distribution Technologies
Click here for the full announcement.
DOE has released a Loan Guarantee Solicitation Announcements through the Loan Guarantee Program. The funding amounts are as follows:
- Up to $8.5 billion in lending authority supported by 2009 annual appropriations for renewable energy.
- Up to $2 billion in subsidy costs, provided by the Recovery Act, to support billions in loans for renewable energy and electric power transmission projects.
- Up to $500 million in subsidy costs to support loans for cutting edge biofuel projects funded by the Recovery Act.
This program will provide funds through the American Recovery and Reinvestment Act for Renewable Energy Systems Projects, Electric Power Transmission Systems Projects and Leading Edge Biofuels Projects. Projects funded through ARRA must commence construction on or before September 30, 2011, and must create or retain jobs in the United States. Other projects are eligible for funding through annual appropriations. An “Eligible Project” is a project located in the United States that employs a New or Significantly Improved Technology that is NOT a Commercial Technology. Foreign ownership or sponsorship of the project is permissible so long as the project is located in one of the fifty (50) states, the District of Columbia or a U.S. territory. Eligible projects must clearly demonstrate that the project is ready to proceed to commercialization. Projects that are currently at the pilot stage or which have not completed a full-scale demonstration project, including the capture of appropriate data as to output, processes and costs, should not apply for a loan guarantee under this Solicitation.
DOE will consider as Eligible Projects those projects derived from the list of technology categories identified below and which are either manufacturing projects or stand-alone projects as defined in the solicitation. A Project Sponsor may only submit one application for one project employing a particular technology.
Category 1: Alternative Fuel Vehicles
Category 2: Biomass
Category 3: Efficient Electricity Transmission, Distribution and Storage
Category 4: Energy Efficient Building Technologies and Applications
Category 5: Geothermal
Category 6: Hydrogen and Fuel Cell Technologies
Category 7: Energy Efficiency Projects
Category 8: Solar
Category 9: Wind and Hydropower
Again, Eligible Projects under Categories 1, 4, 6 and 7 above generally will not be funded with ARRA funds.
There are two parts to a complete application. The Part I submission is expected to provide DOE with a summary level description of the project, project eligibility, financing strategy and progression to date in critical path schedules. These schedules include items such as licensing or regulatory permits and approvals, site preparation and long lead procurements, and provide DOE with the basis for determining the overall eligibility of the project. The Part II submission consists of the items detailed further in the solicitation and that were not due in the Part I submission, as well as other requested items of information expected to facilitate DOE’s due diligence review.
||Part I Submission Due Date
||Part II Submission Due Date
||September 14, 2009
||November 13, 2009
||October 22, 2009
||January 15, 2010
||December 23, 2009
||March 12, 2010
||February 18, 2010
||May 14, 2010
||April 22, 2010
||July 19, 2010
||June 24, 2010
||September 17, 2010
||August 24, 2010
||December 31, 2010
In submitting applications through FedConnect for the Loan Guarantee Solicitation Announcements, applicants must complete the following:
• Obtain a Dun and Bradstreet Data Universal Numbering System (“DUNS”) number,
• Obtain a North American Industry Classification (“NAIC”) number,
• Register with the Central Contract Registration (“CCR”), and
• Register with FedConnect.
Applicants are highly encouraged to allow at least 21 days to complete the steps above.