ACORE and member law firm Wilson Sonsini hosted in the firm’s Silicon Valley office a meeting with Jonathan Powers, the Federal Environmental Executive at the White House Council on Environmental Quality; Peter Davidson, Executive Director of the DOE’s Loan Programs Office; and Ken Alston, DOE Special Assistant for Finance. ACORE west coast members met with these officials to exchange information and views on important renewable energy federal policy issues.
Mr. Powers highlighted the Administration’s plan to address climate change and double renewable energy generation again by 2020, including efforts of the federal government and the military to invest in renewable energy generation for their own use. Messrs. Davidson and Alston provided updates on the DOE’s loan guarantee program. This program has a total loan guarantee portfolio of $34.4 billion with $18.5 billion disbursed so far. DOE just recently issued a draft loan guarantee solicitation for innovative and advanced fossil energy projects and facilities that substantially reduce greenhouse gas and other air pollution, making available up to $8 billion in loan guarantee authority. DOE plans another solicitation focused on renewable energy in the next few months. Please see the White House and DOE websites for more.