DoE rules require loan-backed projects to be fully permitted before the release of funds.
Government officials in both countries have enormous influence over contracts and procurement, development and infrastructure projects, loan approvals, real estate transactions, land use rights, and preferences in regulated industries.
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Further, six innovative energy projects have received conditional loan guarantee commitments from the DOE and secured developer financing, but, because the OMB will not consider loan guarantee funding to be obligated until loans have closed, these projects, too, will be cancelled.
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Republicans are skeptical, especially about government loan guarantees, pork barrel projects and mandating higher priced union labor.
While larger companies will be able to continue developing projects, albeit on a smaller scale, without loan guarantees, small-business owners may be forced to abandon their projects.
Both have strongly championed the use of federal loan guarantees to boost alternative energy projects.
Cutting the DOE program would "kill all clean energy projects with pending DOE loan guarantee applications, causing the loss of tens of thousands of jobs and many other benefits, " the Solar Energy Industries Association said in a statement.
Although most projects are expected to repay the loan in full within a three year period, the Welsh government is "flexible" in terms of the repayment.
They were often at the mercy of loan sharks while Western aid went to large projects that frequently not maintained once the initial project was finished.
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If the House proposal to slash funding were to proceed, the DOE would be forced to withdraw six conditional loan guarantees the agency has issued to renewable projects, said Ebony Meeks, spokeswoman for the agency.
The bulk of the other loan guarantees in solar were for large-scale projects which are considered less risky.
"Beyond the gas fields, energy projects are attracting substantial investment interest and loan opportunities for larger banks, " the Fed noted.
White House officials said Wednesday that the project was brought up in the memo only as way to illustrate that some renewable energy projects could move forward without a federal loan guarantee, and that the comments in the memo should not be viewed as signaling a final decision by the administration on the project.
Many of the investments and projects are part of the oil-for-loan programme, in which loans are paid for with oil shipments.
The budget cuts would force layoffs of scientists and engineers, shrink the capabilities of laboratories and universities to perform the most critical cutting-edge energy research projects, and, by cutting funds for highly leveraged loan guarantee programs, steer private sector funds away from American entrepreneurs and small businesses looking to demonstrate and deploy innovative energy technologies.
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In addition, 25 other renewable energy projects that are currently in the final stages of receiving their loan guarantees would not get them, she said.
President Obama announced in his weekly radio address Recovery Act conditional loan guarantee commitments to two solar companies to fund three major new solar projects in Arizona, Colorado and Indiana that will create thousands of new jobs.
In recent years this program, which provides direct loans, loan guarantees, and lines of credit to regionally or nationally significant transportation projects, has helped mayors leverage four times the money invested in it by the federal government, helping construction workers get on the job quicker, and repaying taxpayers their hard-earned money faster.
Renewable-energy companies, particularly solar power product makers and developers, say the loan-guarantee program administered by the Department of Energy is crucial to allow projects currently under development to proceed.
The loan guarantee program discussed in the memo allows the Energy Department to help finance projects such as electric transmission systems and bio-fuel initiatives that begin construction no later than September 30, 2011.
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The loan guarantee program at issue allows the Energy Department to help finance certain renewable energy projects, electric transmission systems and bio-fuels projects that begin construction no later than September 30, 2011.
Wyss, a committed conservationist, is Chairman of The Wyss Foundation and The HJW Foundation, charitable organizations that work on environmental issues, as well as social issues in immigration reform, healthcare for all Americans, fairness in the loan industry and in women's health and reproductive rights, among many other projects.
"Without the federal loan guarantee program, private-sector capital earmarked for this and other clean-energy projects will stay on the sidelines, " NRG Chief Financial Officer Christian Schade said by email.
Loan and savings clubs have also been established to assist community members to generate more income for projects.
Antelope Valley is one of several clean-technology projects that haven't yet received any payments from the federal government under a loan-guarantee program that closed all deals more than four months ago.
During 2011, five of nine large solar projects approved the prior year by state and federal regulators in time to qualify for federal loan guarantees became entangled in environmental impact litigation.
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Some examples of Recovery Act programs that leverage other investment funds are tax credits for advanced energy manufacturing, loan guarantees for small businesses, and interest subsidies for state and local borrowing to finance essential infrastructure projects.
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It lent the low interest loan to billionaire Batista under their ProCopa program, designed for companies looking to upgrade and build-out new construction projects ahead of the FIFA World Cup, already coming to Brazil next year.
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