LPO has signed a Memorandum of Understanding with the New York State Energy Research and Development Authority to facilitate clean energy financing for large-scale renewable projects.
September 28, 2023
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The U.S. Department of Energy’s Loan Programs Office (LPO) has signed a Memorandum of Understanding (MOU) with the New York State Energy Research and Development Authority (NYSERDA) to facilitate clean energy financing for large-scale renewable projects.
The MOU will provide a framework for LPO and NYSERDA to strengthen and enhance cooperation between their respective organizations through the exchange of information and other cooperation activities with respect to relevant energy projects in the State of New York, or delivering energy within the New York Control Area, and that may be eligible for LPO financing under the Title 17 Clean Energy Financing Program.
Planned areas of cooperation include assistance with the development of project applications that may be eligible for LPO financing, streamlining collection of due diligence items for relevant projects, and other items with the consent of the relevant project parties.
Interested applicants can review application requirements available on the Title 17 Overview web page, and they can reach out to LPO with questions or request a no-cost Pre-Application Consultation.
Jigar Shah
Former Director, Loan Programs Office
Jigar Shah served as Director of the Loan Programs Office (LPO) at the U.S. Department of Energy (DOE) from March 2021 to January 2025. He led and directed LPO’s loan authority to support deployment of innovative clean energy, advanced transportation, and Tribal energy projects in the United States. Prior, Shah was co-founder and President at Generate Capital, where he focused on helping entrepreneurs accelerate decarbonization solutions through the use of low-cost infrastructure-as-a service financing. Prior to Generate Capital, Shah founded SunEdison, a company that pioneered “pay as you save” solar financing. After SunEdison, Shah served as the founding CEO of the Carbon War Room, a global non-profit founded by Sir Richard Branson and Virgin Unite to help entrepreneurs address climate change.
Shah was also featured in TIME's list of the "100 Most Influential People" in 2024.
Originally from Illinois, Shah holds a B.S. from the University of Illinois-UC and an MBA from the University of Maryland College Park.