Thank you for your interest in the U.S. Department of Energy’s Loan Programs Office (LPO). I welcome you to the LPO Web site, where you can find information about all of our programs, renew and apply for open solicitations and follow our progress in helping the nation achieve a clean energy economy. I would also like to use this opportunity to share with you LPO’s mission, what we do, where we are today and where we are going.
We live in complex times. There is compelling evidence that carbon dioxide emissions from human activities are adversely affecting the climate. We must act now...
Continue Reading...Restoring the United States to a position of global leadership in clean energy is a critical national priority, with implications for our economic competitiveness, national security, and environmental legacy. This goal can only be achieved through widespread and large-scale deployment of new and innovative clean energy technologies—an undertaking that will require massive, sustained investment by the private sector.
Yet, to date, the private sector has not invested in clean energy at the scale needed to meet our national goals. Part of this shortfall can be attributed to the recent domestic financial crisis and global economic downturn. But much of it is due to the unique features of large-scale energy projects, which make traditional financing difficult to find—even in flush economic times.
Helping to Mitigate Risk
The Department of Energy’s Loan Programs—administered by LPO—enable DOE to work with private companies and lenders to mitigate the financing risks associated with clean energy projects, and thereby encourage their development on a broader and much-needed scale.
The Loan Programs consist of three separate programs managed by two offices, the Loan Guarantee Program Office (LGP) and the Advanced Technology Vehicles Manufacturing Loan Program Office. LPO originates, guarantees, and monitors loans to support clean energy projects through these programs. The programs are: