The US Department of Energy (DOE) has issued a new loan guarantee solicitation for renewable energy manufacturing projects. The solicitation seeks applications for projects that manufacture commercial technology renewable energy systems, such as an energy storage system, and components, such as wind turbine systems, blades or solar photovoltaic components.
As with earlier solicitations, the manufacturing solicitation will consist of a two-step process with rolling deadlines. The first Part I deadline is 31 August 2010, and the first Part II deadline is 31 October 2010. Final part I applications are due 30 November 2010 and final part II applications are due 31 January 2011.
Applicants are strongly encouraged to get their applications in early since projects must meet all statutory and regulatory requirements and commence construction no later than 30 September 2011. The DOE will make available up to $750 million to pay the credit subsidy costs of loan guarantees issued through this solicitation.
The Recovery Act created a new Section 1705 under Title XVII of the Energy Policy Act of 2005 (Title XVII) for the rapid deployment of renewable energy projects and related manufacturing facilities, electric power transmission projects, and leading edge biofuels projects that commence construction before 30 September 2011. This solicitation is the fourth issued in support of Section 1705.