The Department of Energy’s Loan Programs—administered by LPO—enable DOE to work with private companies and lenders to mitigate the financing risks associated with clean energy projects, and thereby encourage their development on a broader and much-needed scale.
The Loan Programs consist of three separate programs managed by two offices, the Loan Guarantee Program Office (LGP) and the Advanced Technology Vehicles Manufacturing Loan Program Office. LPO originates, guarantees, and monitors loans to support clean energy projects through these programs. The programs are:
Section 1703: Under Section 1703 of Title XVII, DOE LGP is authorized to guarantee loans for projects that employ new or significantly improved energy technologies and avoid, reduce or sequester air pollutants or greenhouse gases.
Section 1705: Under Section 1705 of Title XVII, added by the American Reinvestment and Recovery Act (ARRA), DOE LGP is authorized to guarantee loans for certain clean energy projects that commenced construction on or before September 30, 2011. The Section 1705 program expired, pursuant to statute, on September 30, 2011 and will actively monitor projects that previously received loan guarantees under the 1705 program. LPO will no longer issue new loan guarantees under the 1705 program.
Advanced Technology Vehicles Manufacturing (ATVM): Under Section 136 of the Energy Independence and Security Act of 2007, DOE is authorized to provide direct loans to finance advanced vehicle technologies.
Click here for more information https://lpo.energy.gov/