According to Mr. Peter Davidson, Executive Director of the U.S.
Department of Energy's (DOE) Loans Program Office, the
DOE is targeting from $1.5 billion to as much as $4 billion
for a new renewable energy project loan guarantee program that
could result in solicitations for a range of projects by the end of
2014. This information was provided last week by Mr. Davidson
during an interview at the ARPA-E Energy Innovation Summit outside
Washington, D.C.
The last loan from the program (known as the 1705 Program) was
issued in September 2011, and DOE has remained silent on new loan
guarantee opportunities since then. However, since Mr.
Davidson took over in October 2013, the loan office has issued
about $6.5 billion in guarantees for two nuclear reactor projects
(Alvin W. Vogtle Electric Generating Plant), as well as soliciting
projects for an $8 billion fossil fuels technology program –
and renewables are said to be next on the list. While funds
from the
