[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.
Further information
US Department of Energy
WNN: US action to support clean energy
Guarantees for $9 billion in clean-energy loans
[DoE, 10 May] Keeping to language in the Energy Policy Act 2005,the administration of US President George Bush will provide guarantees ofup to 90% of loans required for clean-energy projects, as long as thedebt does not exceed 80% of the total project cost. Of $9 billionrequested by DoE for the guarantees in its FY2008 request, thedepartment may guarantee $4 billion to central power stations such asnuclear or carbon sequestering coal-fired plants. Another $4 billioncould go to support biofuels and clean transportation fuels, and $1billion to electricity transmission and renewable power systems. Somesenior politicians had been concerned that the Bush administrationwould set different rules that could lead to fewer projects going ahead.
