Science a GoGo's Home Page Forums General Discussion Climate Change Forum D.O.E. 30 billion loan guarantee program

june - 30 - 08

http://www.lgprogram.energy.gov/index.html

WASHINGTON, DC – The U.S. Department of Energy (DOE) today announced three solicitations for a total of up to $30.5 billion in federal loan guarantees for projects that employ advanced energy technologies and that avoid, reduce or sequester anthropogenic emissions of air pollutants or greenhouse gases. The three solicitations are in the areas of energy efficiency, renewable energy and advanced transmission and distribution technologies; advanced nuclear power facilities; and advanced nuclear facilities for the 'front-end' of the nuclear fuel cycle. This marks the second round of solicitations for DOE's Loan Guarantee Program, which encourages the commercial use of new or significantly improved energy technologies, and is a important step in paving the way for clean energy projects.


OK guys heres your chance to impact the climate.

put your thinking caps on...

its not a grant its a loan guarantee if that would help anyone.

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Well , Im out of it , you need to put up 20% of the loan guarantee.

also you have to pay a loan subsidy determined by the D.O.E.

Funny how they treat your money as if it is theres , and give it to their corporate fellows and places of special interest yet they have none available for energy related ideas unless you want to borrow it , and then you need cash up front.

I JUST FOUND THIS HOWEVER

http://www.lgprogram.energy.gov/press/100407.html

they will do a 100% guarantee and ...

the loan must be issued and funded by the Treasury Department's Federal Financing Bank. While Congress must provide authority in an appropriations act for the loan guarantees that the Department will issue.

So it would take an act of congress to get a 100% loan guarantee
you would still need to pay the loan subsidy , and if you default on the loan the D.O.E. gets a superior lien on the projects assetts.

who cares , I would be willing to let them just pay me some %
and they could manage it , get out of debt themselves , run the nation with the proceeds , as long as it gets used.

we dont have much time left.

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