Department of Energy Extends Renewable Energy Loan Guarantee Solicitation

Department of Energy Extends Renewable Energy Loan Guarantee Solicitation

Secretary Steven Chu announces extention.

WASHINGTON, DC [WorldofRenewables.com]

Secretary Steven Chu announced today that the Department of Energy is extending the application deadline for the July 2009 energy efficiency, renewable energy and advanced transmission and distribution technologies solicitation. The Round 8, Part 1 application deadline is October 5, 2010. This gives companies an additional six weeks to apply for a loan guarantee under Section 1703, and if qualified, under Section 1705, provided by the American Recovery and Reinvestment Act.  

"The Department is committed to bringing as many commercial renewable projects online as possible to help us meet our clean energy goals and generate more jobs," said Secretary Chu.  "By extending the time applicants can file, we will be able to support additional projects that diversify the country's clean energy mix and strengthen our economy." 

Round 8 is intended to give companies additional time to develop and submit Part I applications.  The Round 8 Part II application deadline is December 31, 2010.  The application deadline of August 24, 2010 for Round 7 Part I applications remains the same.

For more information on this program, please visit the Loan Guarantee Program Office.

Source: DOE