President Biden’s new Energy Secretary Jennifer Granholm is ready to let loose $40 billion in Department of Energy loans, the former Michigan governor said on Wednesday at CERAWeek. Granholm has selected Jigar Shah, founder of SunEdison, to spearhead the loan program as Director of the Loan Program Office.
The DoE’s loan program has been in place for years, and is responsible, according to IHS Markit, for backing the first five US utility-scale solar projects in the United States. More uncharitably, the DoE’s loan program is also…Energy Secretary Ready To Unleash $40 Billion In Green Energy Funds
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