ANNOUNCEMENT 19 Sep 2011On 19 September 2011, the US government granted a loan guarantee to Ofc 2 Llc as part of the program Federal Loan Guarantees for Innovative Energy Technologies.
NUMBER OF INTERVENTIONS
USAspending.gov. Award page. Federal Loan Guarantees for Innovative Energy Technologies. Ofc 2 Llc.
U.S. Department of Energy, Loan Programs Office, Title XVII (Loan Guarantees for Innovative Energy Technologies program)(retrieved on 15/07/2021). Available at: https://www.energy.gov/lpo/title-xvii
The Federal Loan Guarantees for Innovative Energy Technologies program provides loan guarantees for energy projects to support the commercial use of new or significantly improved technologies. The objective of the program is to finance the development of a new technology. Once the technology is proven at commercial scale through the first few projects, the Department of Energy stops providing financing and allows the private market to take over. The program is run by the U.S. Department of Energy.