DOE's Financial Institution Partnership Program

Law360, New York (October 20, 2009, 12:33 PM EDT) -- The U.S. Department of Energy recently announced the long-anticipated Financial Institution Partnership Program in connection with its loan guarantee program.

FIPP partners financial institutions with the DOE in an attempt to restart the lending markets for conventional renewable energy technologies by providing partial loan guarantees used to finance commercially accepted renewable energy systems.

Financial institutions will apply directly to the DOE for a loan guarantee and the DOE is expected to review each application with a primary focus on confirmation of the lender's internal underwriting and...
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