Chu: Renewable-energy loan guarantees ready by May

02/18/2009 | Bloomberg · Reuters

Energy Secretary Steven Chu announced that his office will begin issuing loan guarantees for renewable-energy projects by May, after streamlining the application process. The $787 billion stimulus bill sets aside $6 billion for renewables in addition to $38.5 billion previously approved. Of the funds authorized in 2005, plans call for $18.5 billion to fund guarantees for nuclear plants and $2 billion for nuclear fuel processing; $10 billion for renewables and efficiency; and $8 billion for clean coal.

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Bloomberg · Reuters

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