The Loan Programs Office (“LPO”) of the Department
of Energy (“DOE”) requests comments on a potential solicitation announcement for Federal Loan Guarantees for
Advanced Fossil Energy Projects.
In a press release on July 2, 2013, the DOE, as a part of President Obama’s
“Climate
Action Plan,”
announced the solicitation for new and “advanced
fossil energy projects and facilities” that significantly decrease “greenhouse gas and other air pollution.” The DOE is authorized by Section 1703 of the Energy
Policy Act of 2005 to “support innovative clean energy technologies” that are normally
not capable of acquiring traditional “private
financing” because of “high
technology risks.”
If
the DOE moves forward with the potential solicitation, “applicants would be invited to apply for loan
guarantees from [the] DOE” to fund projects located in the
U.S. The potential future solicitation
for “Advanced Fossil Energy Projects”
makes available to the DOE up to “Eight
Billion Dollars ($8,000,000,000) in loan guarantee authority.”
In the proposed potentially broad
solicitation, the DOE 1) contemplates including “all fossil fuels” (e.g. coal, natural gas, oil, shale gas, oil
gas, coal bed methane, methane hydrates, and others.), 2) considers including
both “electrical and non-electrical
fossil energy use,” and 3) considers including projects that:
- avoid, reduce, or sequester air pollutants or anthropogenic emission of greenhouse gases,
- employ New or Significantly Improved Technology, and
- use advanced fossil energy technology described in one or more of the following areas: advanced resource development; carbon capture; low-carbon power systems; or efficiency improvements.
The
LPO invites comments regarding the draft of the “potential
future solicitation announcement.” Comments
from interested industries, stakeholders, and the public are due by September 9, 2013. The DOE seeks comments regarding every part
of the draft solicitation, but is “particularly
interested” in
input about the “weighting percentage allocated
to each category for evaluations (Programmatic, Technical, Policy, and
Financial),” as
well as the actual “categories
themselves.”
Comments
may be submitted in writing to:
- David G. Frantz, Deputy Executive Director, Loan Programs Office, U.S. Department of Energy, 1000 Independence Avenue SW., Washington, DC 20585.
- For Further Information, please contact David G. Frantz at: DraftLPOFossilSoliciationComments@hq.doe.gov
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