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History

2014

February
  • Finalized loan guarantee to Georgia Power Company and Oglethorpe Power Corporation

2011

September
  • Pursuant to statute, Loan Guarantee Program’s 1705 program expired and will actively monitor projects that previously received loan guarantees under that program.
  • Finalized loan guarantee to Desert Sunlight 250, LLC and Desert Sunlight 300, LLC
  • Finalized loan guarantee to Project Amp.
  • Finalized loan guarantee to AV Solar Ranch 1, LLC
  • Finalized loan guarantee to NRG Energy
  • Finalized loan guarantee to Abengoa Bioenergy Biomass of Kansas LLC
  • Finalized loan guarantee to SolarReserve, LLC (Crescent Dunes)
  • Finalized loan guarantee to Mesquite Solar 1, LLC (Sempra Mesquite)
  • Finalized loan guarantee to Ormat Nevada, Inc.
  • Finalized loan guarantee to Granite Reliable
  • Finalized loan guarantee to POET, LLC.
  • Finalized loan guarantee to Cogentrix of Alamosa, LLC.
  • Finalized loan guarantee to 1366 Technologies, Inc.
  • Conditional Commitment for loan guarantee issued to SolarCity Corporation (SolarStrong)
August
  • Finalized loan guarantee to NextEra Energy Resources, LLC
  • Finalized loan guarantee to SoloPower, Inc.
  • Conditional Commitment for loan guarantee issued to Abengoa Bioenergy Biomass of Kansas LLC (ABBK)
  • Finalized loan guarantee to Record Hill Wind, LLC
  • Finalized loan guarantee to Agua Caliente Solar, LLC
July
  • Conditional Commitment for loan guarantee issued to Severstal Dearborn, LLC
  • Conditional Commitment for loan guarantee issued to POET, LLC
June
  • Conditional Commitment for loan guarantee issued to AV Solar Ranch 1
  • Conditional commitments for partial loan guarantee issued to Desert Sunlight 250, LLC and Desert Sunlight 300, LLC
  • Conditional commitment for partial loan guarantee issued to Topaz Solar Farms, LLC
  • Conditional commitment for partial loan guarantee issued to Project Amp
  • Conditional Commitment for loan guarantee issued to Mesquite Solar 1, LLC
  • Conditional Commitment for loan guarantee issued to Prologis
  • Conditional Commitment for loan guarantee issued to Granite Reliable Power, LLC
  • Conditional Commitment for loan guarantee issued to 1366 Technologies, Inc.
  • Conditional Commitment for loan guarantee issued to Calisolar Inc.
  • Conditional Commitment for loan guarantee issued to Sempra Generation
  • Conditional Commitment for loan guarantee issued to Abengoa Solar Inc. and NextEra Energy Resources, LLC
  • Conditional Commitment for loan guarantee issued to Ormat Nevada, Inc.
  • Conditional Commitment for loan guarantee issued to Fotowatio Renewable Ventures, Inc.
May
  • Conditional Commitment for loan guarantee issued to SolarReserve, LLC
  • Department of Energy Recognized by Computerworld as 2011 Honors Laureate
  • Conditional Commitment for loan guarantee issued to Cogentrix of Alamosa, LLC
April
  • Conditional Commitment for loan guarantee issued to Solar Trust of America, LLC. (Solar Millennium)
  • Conditional Commitment for loan guarantee issued to NRG Energy (California Valley Solar Ranch)
  • Loan guarantee issued to BrightSource Energy, Inc.
March
  • Conditional commitment for loan guarantee issued to Record Hill Wind LLC.
  • Loan issued to The Vehicle Production Group LLC
February
  • Loan guarantee issued to LS Power Associates (ON Line)
  • Conditional commitment for loan guarantee issued to SoloPower, Inc.
January
  • Conditional commitment for loan guarantee issued to Valero Energy Corporation and Darling International Inc.
  • Conditional commitment for loan guarantee issued to NRG Solar, LLC

2010

December
  • Loan guarantee issued to Abound Solar Manufacturing
  • Loan guarantee issued to Caithness Shepherds Flat
  • Loan guarantee issued to AES Energy Storage, LLC
November
  • Conditional commitment for loan issued to The Vehicle Production Group LLC
October
  • Conditional commitment for loan guarantee issued to Caithness Shepherds Flat for largest wind farm in the world to date
  • First transmission line conditional commitment offered loan guarantee to LS Power Associates (ON Line)
August
  • Conditional commitment for loan guarantee issued to AES Energy Storage, LLC
  • Loan guarantee issued to Beacon Power Corporation
  • Commercial Technology Manufacturing Systems and Components solicitation issued
July
  • Loan guarantee issued to Kahuka wind Power, LLC
  • Loan guarantee issued to Nevada Geothermal Power Company
June
  • First geothermal conditional commitment for loan guarantee issued to U.S. Geothermal Inc.
  • Conditional commitment for loan guarantee issued to Nevada Geothermal Power Company Inc.
  • First Financial Institutions Partnership Program conditional commitment issued
  • Conditional commitment for loan guarantee issued to Abengoa Solar, Inc.
  • Conditional commitment for loan guarantee issued to Abound Solar Manufacturing, LLC
May
  • First front end nuclear facility conditional commitment for loan guarantee issued to AREVA Enrichment Services, LLC
April
  • ATVM Loan Program closes loan to Fisker Automotive
March
  • First wind energy generation conditional commitment for loan guarantee issued to Kahuku Wind Power, LLC
  • Conditional commitment for loan guarantee issued to SAGE Electrochromics, Inc.
February
  • First nuclear conditional commitments for loan guarantees issued to Georgia Power Company, Oglethorpe Power Corporation and the Municipal Electric Authority of Georgia
  • First concentrated solar power project (CSP) and world’s largest operational CSP complex conditional commitments for loan guarantees issued to BrightSource Energy, Inc.
January
  • ATVM Loan Program closes loan to Nissan North America, Inc.
  • ATVM Loan Program awards loan to Tesla Motors, Inc.
  • Energy and Water Development and Related Agencies Appropriations Act of 2010 to amend Interim Final Rule to include ultra-efficient vehicles

2009

December
  • Conditional commitment for loan guarantee offered to Red River Environmental Products, LLC
November
  • Executive Director, Loan Programs Office hired
October
  • First solicitation issued under Financial Institutions Partnership Program
September
  • ATVM Loan Program closes loan to Ford Motor Company
  • ATVM Loan Program offers conditional commitment for loan to Fisker Automotive
  • First loan guarantee issued to Solyndra, Inc.
July
  • 2009 Transmission solicitation issued
  • 2009 Energy Efficiency Renewable solicitation issued
  • First energy storage conditional commitment for loan guarantee offered to Beacon Power Corporation
  • Conditional commitment for loan guarantee offered to Nordic Windpower USA, Inc.
June
  • ATVMLP awards conditional commitment for loan to Ford Motor Company
  • ATVMLP awards conditional commitment for loan to Nissan North America, Inc.
  • ATVMLP awards conditional commitment for loan to Tesla Motors, Inc.
March
  • Conditional commitment for loan guarantee offered to Solyndra, Inc.
February
  • American Recovery and Reinvestment Act of 2009 amended Loan Guarantee Program’s authorizing legislation, creating Section 1705

2008

November
  • Director, Advanced Technologies Vehicle Manufacturing Loan Program hired
  • DOE Issues Rules for ATVM Incentive Program
October
  • Initial Rankings Issued for 2008 Nuclear Solicitation
September
  • Solicitation for Advanced Fossil Energy projects issued
  • The FY 2009 Continuing Resolution enacted – appropriated $7.5 billion to support a maximum of $25 billion in loans under ATVM Loan Program.
June
  • DOE issues three solicitations for loan guarantees:
    • EERE and Advanced Transmission and Distribution
    • Nuclear Power
    • Front End Nuclear Fuel Cycle
January
  • Energy Independence and Security Act enacted, creating Section 136 ATVM Loan Program

2007

October
  • DOE issues Final Regulations for Loan Guarantee Program
  • Sixteen pre-applicants from August 2006 Solicitation invited to submit full application
August
  • Director, Loan Guarantee Program hired
May
  • DOE issues Notice of Proposed Rulemaking
April
  • Loan Guarantee Program funded and begins operations
February
  • Congress provides DOE with initial loan guarantee authority

2006

August
  • First solicitation issued inviting interested parties to submit pre-applications

2005

August
  • Energy Policy Act of 2005 enacted, including Title XVII, Incentives for Innovative Technologies, creating Section 1703