USA:

One of World's Biggest Clean Energy Finance Shops Is Back in Business (Bloomberg)

Peter W. Davidson, Executive 

Director of the Loan Program 

Office (LPO)

Each day nearly 200 staffers scour loan applications, track billion-dollar debts and manage borrowers' credit risk as part of the department's Loan Programs Office (LPO)—one of the biggest clean energy finance shops in the world.

You may think you've never heard of the LPO—after all, its $34.4 billion loan portfolio for renewable energy, nuclear and fuel-efficient technologies pales in comparison to, say, annual federal student loans (roughly $1 trillion) or even the $68 billion Congress used to rescue just one troubled insurance company, AIG.

But now, with the appointment of a new executive director this past May—the same month electric car maker Tesla repaid a $452 million LPO loan nine years early—the eight-year-old program is experiencing a dramatic revival as part of President Obama's recent push to tackle climate change.

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