Latham's Clean Energy Law Report

Tag Archives: Loan guarantee

President Obama Announces Increased Support for Distributed Energy Projects and Eligibility of State Green Banks to Apply for DOE Loan Guarantees

By Michael J. Gergen, Joshua T. Bledsoe, David E. Pettit and Tara L. Rice President Obama recently announced that the Department of Energy (DOE) Loan Program Office (LPO) is expanding support for innovative “distributed energy projects” by adding $1 billion in available loan guarantees to support the deployment of these projects through the existing solicitations for … Continue Reading

Roadblock to California Greenhouse Gas Cap and Trade Program Removed, but Others Remain

By Michael Feeley and Aron Potash A lawsuit which delayed and once threatened to dismantle California’s greenhouse gas (GHG) cap and trade scheme was largely resolved last week, removing one roadblock to California’s plan to be the first state to impose an economy-wide GHG trading program.  Under modified regulations adopted by the California Air Resources … Continue Reading

President Signs Budget Bill for Remainder of FY 2011 that Makes Important Modifications to DOE Loan Guarantee Programs and Provides Continued Significant Funding For ARPA-E

By Eli W.L. Hopson On April 14, the House and Senate passed, and on April 15, President Obama signed into law, the final Continuing Resolution (CR) for the remainder of FY 2011.  Section 1425 of the CR makes important modifications regarding the authority of the U.S. Department of Energy (DOE) to provide loan guarantees under … Continue Reading

Executive Director of DOE Loan Program Office Testifies to House Concerning DOE Loan Guarantee Programs

By L&W Energy Attorneys On March 31, 2011 Jonathan Silver, the Executive Director of the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO), testified in front of the House Energy and Water Development Appropriations Subcommittee to discuss the LPO’s recent accomplishments and its 2012 budget requests.  Silver stressed that the deployment of commercially-ready clean … Continue Reading

US Chamber of Commerce study: regulatory and legal barriers to energy projects delay cleantech efforts and prevent economic growth

Clean energy projects have tremendous potential to create jobs and grow the economy and help the nation meet its energy needs in a more sustainable way, but regulatory and legal barriers to energy projects have substantially reduced job creation and economic growth while impeding efforts to bring new energy generation facilities on line, according to … Continue Reading

Policy group brief provides behind-the-scenes look at pipeline for projects seeking Section 1705 loan guarantees from DOE

A recent brief by the Center for American Progress (CAP) –“Invest in America’s Clean Energy Future”–advocating against substantial cuts in funding for the U.S. Department of Energy (DOE) loan guarantee program proposed by the U.S. House of Representatives provides interesting and heretofore not publicly known details about the pipeline for projects seeking guarantees under Section … Continue Reading

Democrats, Republicans illustrate contrasting stances on federal support for clean energy

Clean energy development and deployment was one of the central themes of President Barack Obama’s State of the Union address.  The President urged Americans “to out-innovate, out-educate, and out-build the rest of the world” and stressed that, with respect to clean energy, “this is our generation’s Sputnik moment.”    President Obama emphasized two clean energy-related goals … Continue Reading

First Department of Energy loan guarantee issued to Nevada Geothermal Power

On September 7, 2010 Energy Secretary Steven Chu announced the issuance of the first loan guarantee under the Department of Energy’s (DOE) Financial Institution Partnership Program (FIPP).  The DOE issued the partial guarantee for a $98.5 million loan being made by John Hancock Financial Services to a subsidiary of the Nevada Geothermal Power Company (NGP) … Continue Reading