The U.S. Department of Energy (DOE) has issued the first loan guarantee solicitation for the Tribal Energy Loan Guarantee Program (TELGP) under DOE's Loan Programs Office. This solicitation provides as much as $2 billion in partial loan guarantees to support economic opportunities for Native American and Alaska Native communities through energy development projects and activities.
Authorized by the Energy Policy Act of 2005, TELGP would provide partial loan guarantees to leverage private sector lending and help increase the availability of commercial debt financing in tribal energy markets, rather than replace existing debt markets, for commercial technologies. This partial loan guarantee model is based on the successful Financial Institution Partnership Program (FIPP) which DOE has used to help projects leverage public and private lending for energy infrastructure projects.
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