DOE Loan Guarantees Under ARRA

Law360, New York (March 18, 2009, 12:00 AM EDT) -- Title XVII of the Energy Policy Act of 2005 authorized the U.S. Department of Energy (DOE) to provide loan guarantees for the development of innovative technologies (i.e., technologies that are not yet commercially available at the time the guarantee is issued).

Title III of the American Recovery and Reinvestment Act of 2009 (the "Recovery Act") expanded this program. The additional $6 billion in appropriated funds provided by the Recovery Act is expected to support more than $60 billion in loans for these projects, according to U.S....
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