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:
“Slight was the thing I bought,
Small was the debt I thought,
Poor was the loan at best—
God! but the interest!”
—Paul Laurence Dunbar (1872–1906)
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—Chinese proverb.
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—For the City of New Orleans, U.S. public relief program (1935-1943)