As noted in a previous blog entry, one of the key programs established under the 2009 American Recovery and Reinvestment Act (ARRA) offers loan guarantee funding under a Department of Energy solicitation covering energy efficiency, renewable energy, and advanced transmission and distribution technologies (the “Section 1703” and “Section 1705” programs, in shorthand). This multibillion dollar program has been criticized for its slow pace in distributing funds, particularly with the original deadline for applications fast approaching – August 31, 2010.
Significantly, DOE has just announced an extension in that filing deadline so that initial (Part I) applications may be filed until October 5, 2010, although the remaining deadlines continue to require completed Part II applications by December 31, 2010 and start of construction by September 30, 2011. For more information, see DOE’s press release here.
