October 7, 2009
DOE to Accelerate Renewable Energy Projects through New Partnership
Steven Chu, U.S. Energy Secretary, announced $750 in funding for the new Financial Institution Partnership Program (FIPP), a set of streamlined standards meant to accelerate the financing of conventional renewable energy projects such as wind, solar, geothermal, biomass, and hydropower. Through the FIPP, project developers and borrowers can work with eligible lenders to access partial, risk-sharing loan guarantees through the DOE.
Read more on this partnership here.