Tuesday, May 24, 2011

ASES Advocacy: Keep Funding for DOE's Loan Guarantee Program

Just when we were breathing a sigh of relief over the Dept. of Energy's Loan Guarantee Program for Renewables having survived the Congressional budget bloodbath, ASES hears that some worthy projects that were counting on it may well fall by the wayside.
 
DOE has informed dozens of loan guarantee applicants that their applications will be put on hold indefinitely.  Unless applicants can start their projects and close their loan guarantees by September 30, they won't be considered for a guarantee under the program.
 
To date, DOE has committed nearly $30 billion in guarantees for 27 clean energy projects, representing some $40 billion in private investment.  These projects will be responsible for the creation of tens of thousands of jobs over 21 states;  they include utility-scale solar power plants in the southwest and solar manufacturing facilities in California, Colorado and Indiana.  But now some 40 applications, representing $15 billion in investments and thousands of jobs, have been placed on hold;  the companies involved have together spent millions of dollars to this point, preparing their applications.
 
To maintain and build on the success of the Loan Guarantee Program, and to ensure that as many viable clean energy projects as possible become reality, it's essential that the program be adequately funded through FY2012.
 
Can you send a message to the President and Congress, letting them know how much good this program does for jobs and our energy future?  It's too good to be allowed to die.
 
How to send a message:
 
1) (Simplest way):  You can go to the
Solar Nation advocacy site and enter your ZIP code.
 
2) You can copy and paste the message below into any or all of the following links to send it to:
 
a) the
President:       
b) your
U.S. Senators:  
c) your
U.S. Representative:    
 
Message:
 
The Department of Energy Loan Guarantee Program has enabled many vital renewable energy projects to obtain sufficient private investment to proceed;  these include utility-scale solar power plants in the southwest and solar manufacturing facilities across the nation. It's a great example of a successful government program that is generating not only clean power but thousands of jobs for Americans.
 
The Department of Energy has now restricted loan guarantees only to those projects that can be ready by September 30, excluding dozens of worthy, viable clean energy projects from securing funding.
 
Please use your influence to provide appropriate funding to allow this successful program to continue.  Good jobs and our energy future are hanging in the balance.

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