DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of ...

Jan 17, 2025  · The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) loan guarantee to subsidiaries of Convergent Energy and Power Inc. (Convergent), a leading …


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DOE Announces $584.5 Million Loan Guarantee To Subsidiaries Of ...

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Jan 17, 2025  · The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) loan guarantee to subsidiaries of Convergent Energy and Power Inc. (Convergent), a leading …

energy.gov

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U.S. DOE Announces $584.5 Million Loan Guarantee To …

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Jan 18, 2025  · The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) …

cleantechnica.com

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U.S. DOE Announces $584.5 Million Loan Guarantee To …

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Jan 18, 2025  · Convergent will build and operate utility-scale solar-plus-storage in Puerto Rico, improving grid resilience and reducing costs for ratepayers. The U.S. Department of Energy …

renewablefocus.com

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Convergent Energy And Power Closes $584.5 Million Guaranteed …

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Jan 17, 2025  · Terms of the $584.5 Million Guaranteed Loan Facility Total Guaranteed Loan Facility Amount $584.5 Million ($559.4 million in principal and $25.1 million in capitalized interest)

morningstar.com

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DOE Announces $584.5M Loan Guarantee To Subsidiaries Of …

3 weeks from now

The U.S. Department of Energy Loan Programs Office (LPO) announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) loan guarantee to …

gulfoilandgas.com

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Department Of Energy Announces $584.5 Million Loan To Install …

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Jan 18, 2025  · The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) …

evwind.es

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8 Utilities Split Nearly $23B In DOE Loan Guarantees

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Jan 16, 2025  · 8 utilities split nearly $23B in DOE loan guarantees. By Brian Dabbs, Jason Plautz | 01/16/2025 06:31 AM EST . DOE also awarded up to $500 million for a new aluminum …

eenews.net

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AEP, DTE And 6 Other Utilities Win $22.9B In Conditional Loan ...

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Jan 16, 2025  · The U.S. Department of Energy on Jan. 16, 2025, announced conditional loan guarantee commitments for eight utilities totaling almost $23 billion. The utilities serve almost …

utilitydive.com

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DOE Announces $15 Billion Loan Guarantee To Pacific Gas

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Jan 17, 2025  · As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy’s Loan Programs Office (LPO) announced today the closing of a $15 …

energy.gov

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Biden's DOE Finalizes $15 Billion Loan Guarantee To California's …

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Jan 17, 2025  · The DOE initially announced its plan to award funding to PG&E on Dec. 17 of last year, meaning the loan was finalized in only a month, far less time than normal for such financing.

yahoo.com

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Biden Administration Conditionally Approves Loan For PG&E …

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Dec 17, 2024  · The Biden administration on Tuesday announced its conditional approval of a loan guarantee for Pacific Gas & Electric Co. (PG&E) of up to $15 billion, which would serve to …

thehill.com

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Energy Dept. Backs $22 Billion In Loans To Reshape U.S. Power Grids

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Jan 16, 2025  · The Energy Department said on Thursday that it planned to offer $22.9 billion in loan guarantees to help eight electric utilities around the country modernize their power grids, …

nytimes.com

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PG&E Gets $15B Loan Guarantee From DOE For Hydropower, …

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Dec 19, 2024  · The Department of Energy’s Loan Programs Office announced Tuesday it had given a $15 billion conditional loan guarantee to Pacific Gas & Electric to help expand the …

utilitydive.com

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2 Energy Stocks Surging On Billion-Dollar DOE Loan Commitments

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On Oct. 16, 2024, Gevo announced it had received a conditional commitment for a loan guarantee with disbursements of up to $1.46 billion for the DOE LPO for its Net-Zero 1 (NZ1) project in …

nasdaq.com

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Calumet Closes $1.44B DOE Loan For Renewable Fuel Expansion

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Jan 14, 2025  · Calumet, Inc. CLMT recently announced the completion of a $1.44 billion guaranteed loan facility that had been awarded by the U.S. Department of Energy (DOE). The …

yahoo.com

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DOE Announces $15 Billion Loan Guarantee For PG&E - Yahoo …

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Dec 17, 2024  · The U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) has announced a conditional commitment for a loan guarantee of up to $15 billion to Pacific Gas & …

yahoo.com

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DOE Announces $6.57 Billion Loan To Rivian To Support The …

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Jan 16, 2025  · As part of the Biden-Harris Administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a …

energy.gov

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PG&E Scored A Record $15B Loan Commitment From The DOE - Axios

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Dec 17, 2024  · California utility PG&E was awarded a record $15 billion conditional loan commitment from the Department of Energy's Loan Programs Office. Why it matters: It's the …

axios.com

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PG&E Receives $15 Billion Loan Guarantee From US DOE - Power …

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Jan 20, 2025  · Pacific Gas & Electric (PG&E) has secured a record $15bn loan guarantee from the US Department of Energy (DOE), marking a significant move in the energy sector. This …

power-technology.com

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U.S. DOE Announces $15 Billion Loan Guarantee To

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Jan 18, 2025  · Across all LPO’s programs, DOE has attracted 182 applications for projects across the country totaling over $278.9 billion in requested loans and loan guarantees, as of …

cleantechnica.com

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DOE Announces Conditional $15B Loan Guarantee For PG&E To …

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Dec 17, 2024  · EIR projects require that utilities pass financial benefits received from the DOE loan guarantee directly to customers or communities served. The loan’s lower interest rate …

tdworld.com

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DOE Awards $15 Billion To PG&E For Hydropower And Clean Energy …

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Jan 20, 2025  · The US Department of Energy (DOE) announced the approval of a $15 billion loan guarantee to Pacific Gas & Electric Company (PG&E) to fund clean energy initiatives, …

waterpowermagazine.com

FAQs about DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of ... Coupon?

Will the energy department offer a $22.9 billion loan guarantee?

Todd Heisler/The New York Times The Energy Department said on Thursday that it planned to offer $22.9 billion in loan guarantees to help eight electric utilities around the country modernize their power grids, add large amounts of renewable energy — and pass along any resulting savings to customers. ...

What is the DOE Loan Programs Office?

The DOE Loan Programs Office was created in 2005. It has been a pivotal part of the Biden administration’s efforts to support renewable energy. ...

Does Calumet have a DOE loan?

Calumet, Inc. CLMT recently announced the completion of a $1.44 billion guaranteed loan facility that had been awarded by the U.S. Department of Energy (DOE). The funding, designated for Renewable Fuels and Biomass Energy, will support its subsidiary, Montana Renewables. How Will CLMT Benefit From the DOE Loan? ...

Could a new energy loan program help ratepayers?

“We need to implement a new playbook, moving away from the traditional, very expensive solutions toward the most cost-effective, reliable and clean energy solutions,” Mr. Shah said in August. As evidence that the loan program could help ratepayers, Energy Department officials point to California. ...

What does the DOE loan program mean for PG&E?

Patti Poppe, PG&E’s chief executive, in a statement in December said, “The DOE loan program can help us accelerate the pace and impact of this work, which supports thousands of living wage jobs, at a lower cost to our customers.” ...

Will Alliant Energy get a $3 billion loan?

In Iowa and Wisconsin, Alliant Energy and its subsidiaries would receive a $3 billion loan guarantee to add more than 2,000 megawatts of wind power and batteries to the grid. The utility is planning to close a large coal-fired power plant by 2030. ...

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