Department Of Energy Launches New Loan-Guarantee Solicitation

Energy Secretary Steven Chu has announced a new loan-guarantee solicitation for renewable energy manufacturing projects. The Commercial Technology Manufacturing Systems and Components solicitation is supported by the American Recovery and Reinvestment Act through Section 1705 of the Department of Energy's (DOE) loan-guarantee program.

The solicitation will seek applications for projects that manufacture commercial-technology renewable energy systems, such as an energy-storage systems, and components, such as solar photovoltaic components or wind turbine systems.

The DOE adds that it has recently implemented a number of improvements to its loan-guarantee program that will help facilitate a more efficient application process. For example, the DOE designed and organized the manufacturing solicitation to provide greater transparency into application requirements, evaluation processes, schedules and fees. Additionally, applicants can apply to the solicitation via the newly launched, user-friendly online application portal.

As with earlier solicitations, the manufacturing solicitation will consist of a two-step process with rolling deadlines. The first Part I deadline is Sept. 30, and the first Part II deadline is Nov. 30.

The Department will make available up to $750 million to pay the credit-subsidy costs of loan guarantees issued through this solicitation.

SOURCE: U.S. Department of Energy

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