Geothermal Loan Guaranty Program: recommendations for improvement including new simplified application procedures for small projects

Conference · Mon Sep 01 04:00:00 EDT 1980 · Trans. - Geotherm. Resour. Counc.; (United States)

OSTI ID:6167295

Meyer, R T; Coe, B A; Nasr, L H; Bixler, M

The Geothermal Loan Guaranty Program was established by Congress in 1974 to assist industry with the financing requirements for the development and commercialization of geothermal energy. It was the only substantive federal aid program to an emerging technology at that time. Yet in six years (as of April 1980) only four projects have been approved for a loan guaranty, three of which are electric projects and one is a small direct thermal application. Many small business/small project energy producers, developers, and users have found or concluded that they cannot qualify for a geothermal loan guaranty. This paper reports the results and recommendations of a comprehensive evaluation of the GLGP from the perspective of the small business/small project entrepreneur and from the practices of the small to medium size lending institutions. The findings are divided into administrative, regulatory and legislative recommendations.

• Research Organization: Western Energy Planners, Ltd., Denver, CO
• OSTI ID: 6167295
• Report Number(s): CONF-800920-
• Conference Information: Journal Name: Trans. - Geotherm. Resour. Counc.; (United States) Journal Volume: 4
• Country of Publication: United States
• Language: English

Related Subjects

15 GEOTHERMAL ENERGY
150500* -- Geothermal Energy-- Economics
Industrial
& Business Aspects
BUSINESS
COMMERCIALIZATION
ENERGY
ENERGY SOURCES
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
GEOTHERMAL ENERGY
MANAGEMENT
PROGRAM MANAGEMENT
RECOMMENDATIONS
REGULATIONS
RENEWABLE ENERGY SOURCES
SMALL BUSINESSES