On July 29, U.S. Secretary of Energy Steven Chu announced two solicitations that are part of the Department of Energy’s (DOE’s) provision of several billion dollars in loan guarantees for various renewable energy initiatives. Collectively, funding for the DOE loan guarantee program announced By Secretary Chu is authorized and appropriated pursuant to the terms of the American Recovery and Reinvestment Act of 2009 (ARRA) and the Supplemental Appropriations Act of 2009 (FY09 Appropriations Act). The loan guarantee solicitations, which have been widely anticipated since President Barack Obama signed ARRA in February 2009 and the FY09 Appropriations Act in June 2009, are designed to promote energy transmission infrastructure projects and energy projects that employ innovative technologies. Read more…