DOE Will Provide US $30B in Loan Guarantees for Renewable Energy Projects

U.S. Energy Secretary Steven Chu said that Department of Energy (DOE) will provide up to US $30 billion in loan guarantees, depending on the applications and market conditions, for renewable energy projects. Another $750 million will support several billion dollars more in loan guarantees for projects that increase the reliability, efficiency and security of the nation’s transmission system.

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