Project Loan Flood May Swamp DOE - ENR | McGraw-Hill Construction

Description:
The U.S. Dept. of Energy could strain to award billions of dollars in federal loan guarantees to finance new clean-energy projects, says the U.S. Government Accountability Office. As Congress and industry pressure DOE to boost such funding, GAO, the congressional investigative arm, says the agency is not prepared to handle hundreds of loan applications expected, let alone vet them thoroughly enough to prevent selection biases, project defaults or added debt.

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