The US government’s loan guarantee scheme has come under scrutiny in recent days after the collapse of the JV between Constellation and EDF for a new nuclear plant. But it appears the similar scheme for the solar energy industry is also coming under fire.
A fascinating Reuters report today spells out some of the problems US solar sector has had securing financing on the back of such guarantees. The authors write:
Applicants to the loan guarantee program have complained the process is too lengthy and murky, leading to just a handful of projects winning approval.