DOE readying to ramp up the remainder of their loan-guarantee program « Hot Air: "The Department of Energy’s green-energy loan-guarantee program was first authorized back in 2005 and then expanded in Obama’s 2009 stimulus law to especially support renewable-energy projects and companies with government-selected “investments,” a.k.a. political favoritism. In 2011, however, after a rather large handful of well-publicized failures like Solyndra, the DOE thought it wise to take a hiatus before they cashed out on the full extent of their allotted loan authority; in the interim, they’ve doled out a few billion here and there to a couple of nuclear projects and clean-tech for fossil fuels, but the Obama administration now feels itself ready to make a grand return to its industry-coveted renewables “investments” of yesteryear."
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