Tribal Energy Loan Guarantee Program: Difference between revisions

Tribal Energy Loan Guarantee Program (view source)

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 '''Tribal Energy Loan Guarantee Program (TELGP)''' is designed to support economic opportunities for Native American and Alaska Native communities through energy development projects by providing loan guarantees. It enables tribes to access capital for energy projects that might otherwise be financially unfeasible, promoting sustainable and economically beneficial energy initiatives.<ref>{{cite web |url=https://www.energy.gov/ie/loan-programs-office/tribal-energy-loan-guarantee-program |title=Tribal Energy Loan Guarantee Program |accessdate=January 30, 2025}}</ref>
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 ==History==
-The Tribal Energy Loan Guarantee Program was authorized under the **Energy Policy Act of 1992**, but it was not until 2018 that it received its first funding through the Consolidated Appropriations Act.<ref>{{cite web |url=https://www.energy.gov/articles/department-energy-issues-2-billion-tribal-energy-loan-guarantee-program-solicitation |title=Department of Energy Issues $2 Billion Tribal Energy Loan Guarantee Program Solicitation |accessdate=January 30, 2025}}</ref> Initially, the program faced challenges with uptake due to high costs and lack of clarity in application processes. Significant changes were made in 2022 following feedback from tribes, which included fee elimination and clearer eligibility criteria.<ref>{{cite news |url=https://tribalbusinessnews.com/sections/energy/doe-tweaks-tribal-energy-loan-guarantee-program-based-on-feedback-from-tribes/ |title=DOE tweaks Tribal Energy Loan Guarantee Program based on feedback from tribes |work=Tribal Business News |date=June 5, 2022 |accessdate=January 30, 2025}}</ref> The program's first loan guarantee was announced in March 2024 for the Viejas Microgrid Project.<ref>{{cite news |url=https://tribalbusinessnews.com/sections/energy/tribal-energy-program-awakens-with-72-8m-loan-deal/ |title=Tribal energy program awakens with $72.8M loan deal |work=Tribal Business News |date=March 12, 2024 |accessdate=January 30, 2025}}</ref>
+The Tribal Energy Loan Guarantee Program was authorized under the Energy Policy Act of 1992, but it was not until 2018 that it received its first funding through the Consolidated Appropriations Act.<ref>{{cite web |url=https://www.energy.gov/articles/department-energy-issues-2-billion-tribal-energy-loan-guarantee-program-solicitation |title=Department of Energy Issues $2 Billion Tribal Energy Loan Guarantee Program Solicitation |accessdate=January 30, 2025}}</ref> Initially, the program faced challenges with uptake due to high costs and lack of clarity in application processes. Significant changes were made in 2022 following feedback from tribes, which included fee elimination and clearer eligibility criteria.<ref>{{cite news |url=https://tribalbusinessnews.com/sections/energy/doe-tweaks-tribal-energy-loan-guarantee-program-based-on-feedback-from-tribes/ |title=DOE tweaks Tribal Energy Loan Guarantee Program based on feedback from tribes |work=Tribal Business News |date=June 5, 2022 |accessdate=January 30, 2025}}</ref> The program's first loan guarantee was announced in March 2024 for the Viejas Microgrid Project.<ref>{{cite news |url=https://tribalbusinessnews.com/sections/energy/tribal-energy-program-awakens-with-72-8m-loan-deal/ |title=Tribal energy program awakens with $72.8M loan deal |work=Tribal Business News |date=March 12, 2024 |accessdate=January 30, 2025}}</ref>
 ==Funding==