Loan Guarantee Program
Title XVII of Energy Policy Act of 2005 authorizes the DOE to issue loan guarantees to eligible projects that "avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases" and "employ new or significantly improved technologies as compared to technologies in service in the United States at the time the guarantee is issued".
In loan guarantees, a conditional commitment requires to meet an equity commitment, as well as other conditions, before the loan guarantee is closed.
Read more about this topic: United States Department Of Energy
Famous quotes containing the words loan, guarantee and/or program:
“... the ... thing I am proudest of in my whole business life is that I do not take, that I never took in all my life, and never, never! will take, one single penny more than 6% on any loan or any contract.”
—Hetty Green (1834–1916)
“... in the happy laughter of a theatre audience one can get the most immediate and numerically impressive guarantee that there is nothing in one’s mind which is not familiar to the mass of persons living at the time.”
—Rebecca West (1892–1983)
“Adjoining a refreshment stand ... is a small frame ice house ... with a whitewashed advertisement on its brown front stating, simply, “Ice. Glory to Jesus.” The proprietor of the establishment is a religious man who has seized the opportunity to broadcast his business and his faith at the same time.”
—For the State of New Jersey, U.S. public relief program (1935-1943)