US Department of Energy determines final loan guarantee rules

[ China Glass Network ] US Energy Secretary Stephen Zhu has announced that the US Department of Energy has revised and finalized the loan guarantee rules. The revised rules allow more financial institutions and other investors to participate in the project. Zhu said that this will enable more US energy technology innovation to be supported.

“The revised part will provide greater flexibility to the loan guarantee program. It will help us to better apply taxpayer money to more projects. This is one of our responsibilities, supporting more companies to create more Many jobs are dedicated to the construction of a clean energy economy. "Zhu added.

After the rules are modified, the loan guarantee program will likely cooperate with other loan projects to provide multiple parties involved in the loan guarantee (which will likely hold a split interest in a project).

One example is the export credit agency and other financial institutions, which are now able to provide funding for supplements and loan guarantees for the seventeenth loan. This approach will reduce taxpayers' risk and potential costs.

The loan guarantee program paves the way for the government to support the use of innovative technologies in renewable energy projects, with the aim of stimulating further investment in these advanced technologies.

The US Department of Energy stated that it received feedback from the industry and other relevant parties to better make the project a success.

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