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)
“A wise architect observed that you could break the laws of architectural art provided you had mastered them first. That would apply to religion as well as to art. Ignorance of the past does not guarantee freedom from its imperfections.”
—Reinhold Niebuhr (1892–1971)
“The almost unexplored Everglades lay close by and with a half- hour’s start a man who knew the country was safe from pursuit. As one man cheerfully confided ..., ‘A boat don’t leave no trail, stranger.’”
—For the State of Florida, U.S. public relief program (1935-1943)