DOE Extends Application Deadline for Renewable Energy Loan Guarantee Solicitation

November 5, 2008 // Published as a news service by IHS

The application submission due dates for stand-alone and manufacturing projects, as well as the Part I applications for large-scale integration projects, have been extended from Dec. 31, 2008 to Feb. 26, 2009.

Due to the extensive interest expressed in the Renewables Solicitation, DOE is extending the time period for submission of applications in order to provide adequate time for all interested parties to develop and submit applications.

Any project sponsor that has already filed an application with DOE pursuant to the Renewables Solicitation may amend, supplement or revise that application on or before Feb. 26, 2009.

This announcement does not change the deadline for submission of Part II applications for large-scale integration projects under the Renewables Solicitation, which are due on a date that shall be no later than April 30, 2009 as set by DOE in written notices to eligible applicants.

The DOE Loan Guarantee Program, authorized by Title XVII of the Energy Policy Act of 2005, aims to facilitate early commercial use of new or significantly improved technologies in energy related projects.

Loan guarantees issued by DOE will be backed by the full faith and credit of the U.S. Projects supported by loan guarantees will help fulfill the U.S. federal government's goal of reducing U.S. reliance on imported sources of energy by diversifying the energy mix, increasing energy efficiency and improving the environment, said DOE.

Source: U.S. Department of Energy (DOE).