The project is currently seeking a loan guarantee from the U.S. Department of Energy's (DOE) Loan Guarantee Program Office, which supports accelerated commercial use of innovative energy technologies to help sustain economic growth, yield environmental benefits, and produce a more stable and secure energy supply.
Once those 40 requirements have been satisfied, then Ibama will grant a full installation license and the massive Brazilian National Development Bank (BNDES) will likely step in with a bridge loan to get the project started.
And right now we have one conditional loan commitment to one nuclear project, and there are several others that are under consideration.
The DOE Loan Guarantee Program Office has provided a draft term sheet for the California Valley Solar Ranch project, which is a significant milestone in the process leading to a conditional loan guarantee commitment.
One loan shark jailed because of a project was Kim Cornfield.
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The loan will finance the Caithness Shepherds Flat project, an 845-megawatt wind generation facility located in eastern Oregon.
This loan will fund a comprehensive energy retrofit project that, when completed, will enhance quality of life for the residents, reduce energy costs, cut water consumption, improve indoor air quality, and create quality local jobs.
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Hope project restart, repayable from the proceeds of the bank loan.
In the case of the forest project, China can take up to 40 years to repay the loan, at less than one percent interest per year.
First Solar used loan guarantees from the Department of Energy to construct another project in the Southern California desert, called Desert Sunlight, which it sold in September to NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc.
They started the project four years ago at a time when discussions of rising tuition and loan debt were confined primarily to student advocacy groups.
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It also gives potential lenders of its project financing package encouragement that Hoku will be in a better position to repay loan.
Officials say the World Bank wanted certain conditions to be met before it could revive the loan, including the removal of some Bangladeshi officials linked with the project.
It would also probably have to sell the project at a lower price than under its deal with Exelon, because the loan-guarantee program may be abandoned and that would increase the financing costs, said Mr. Ries.
The plan, Project Lifeline, would suspend foreclosures for 30 days while borrowers and lenders work out better loan terms.
Transport for London confirmed to the BBC that it would receive the loan for the extension on London Underground's Northern Line and run the project.
The loan approval represents yet another significant step for Alcoa towards the completion of the ambitious project.
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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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Constellation Energy last year put a 1.9 gigawatt nuclear plant project in Maryland on hold because it could not come to terms with the Department of Energy on a loan guarantee.
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