US Government Offers Additional Manufacturing Loan Guarantees

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http://www.solarbuzz.com/News/NewsNAGO424.htm

Energy Secretary Steven Chu announced today a new loan guarantee solicitation for renewable energy manufacturing projects. The Commercial Technology Manufacturing Systems and Components solicitation is supported by the American Recovery and Reinvestment Act through Section 1705 of the Loan Guarantee Program.

The solicitation will support the deployment of renewable energy technologies that reduce greenhouse gas emissions and help increase employment in the nation's green manufacturing sector, which is part of the Administration's long-term plan to create new green energy jobs. The solicitation will seek 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.

"The Department's manufacturing solicitation will help more Americans get back to work while accelerating economic development," said Secretary Chu. "To keep pace in the global market, we need to build and expand U.S.-based state-of-the-art manufacturing facilities."

The Department has recently implemented a number of improvements to its loan guarantee program that will help facilitate a more efficient application process. For example, the Department designed and organized the manufacturing solicitation to provide greater transparency into application requirements, evaluation processes, schedules and fees. Additionally, applicants can apply to the solicitation via the newly launched, user-friendly online application portal.

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