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Guarantees for $9 billion in clean-energy loans
11 May 2007
[DoE, 10 May] Keeping to language in the Energy Policy Act 2005, the administration of US President George Bush will provide guarantees of up to 90% of loans required for clean-energy projects, as long as the debt does not exceed 80% of the total project cost. Of $9 billion requested by DoE for the guarantees in its FY2008 request, the department may guarantee $4 billion to central power stations such as nuclear or carbon sequestering coal-fired plants. Another $4 billion could go to support biofuels and clean transportation fuels, and $1 billion to electricity transmission and renewable power systems. Some senior politicians had been concerned that the Bush administration would set different rules that could lead to fewer projects going ahead.

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