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1703

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Still have questions? Check out FAQs on the 1703 and 1705 Loan Programs
To learn more, click here to view a webinar on the 1703 program [available via external website; free registration required]

Loan Programs Office

Our Projects

Current Portfolio

32.4BLoans

~55,000Jobs

Department of Energy
1703
AREVA Front-end Nuclear

Front-end Nuclear

Idaho Falls, ID
$2 billion Loan Amount 310/1,000 Jobs (Permanent / Construction) N/A Generation Capacity
N/A MWh/Gallons N/A Annual Avoided CO2(tons) N/A Annual Cars off the Road*
N/A Annual Households Equivalent
1703
Georgia Power Company (GPC), Oglethorpe Power Corporation (OPC), Municipal Electric Authority of Georgia (MEAG) Nuclear Generation

Nuclear Generation

Waynesboro, GA
$8.33 billion Loan Amount 800/3,500 Jobs (Permanent / Construction) 2,200 Generation Capacity
17,152,000 MWh/Gallons 9,932,000 Annual Avoided CO2(tons) 2,122,000 Annual Cars off the Road*
1,520,000 Annual Households Equivalent
1705
1366 Technologies, Inc. Solar Manufacturing

Solar Manufacturing

Lexington, MA
$150 million Loan Amount 70/50 Jobs (Permanent / Construction) 1,000 Generation Capacity
1,927,000 MWh/Gallons 1,116,000 Annual Avoided CO2(tons) 238,000 Annual Cars off the Road*
170,800 Annual Households Equivalent
1705
Abengoa Bioenergy Biomass of Kansas LLC Biofuel

Biofuel

Hugoton, KS
$132.4 million Loan Amount 65/300 Jobs (Permanent / Construction) N/A Generation Capacity
N/A MWh/Gallons 132,000 Annual Avoided CO2(tons) 25,385 Annual Cars off the Road*
N/A Annual Households Equivalent
1705
Abengoa Solar, Inc. (Mojave Solar) Solar Generation

Solar Generation

San Bernardino County, CA
$1.2 billion Loan Amount 70/830 Jobs (Permanent / Construction) 250 Generation Capacity
679,000 MWh/Gallons 393,000 Annual Avoided CO2(tons) 84,000 Annual Cars off the Road*
60,200 Annual Households Equivalent
1705
Abengoa Solar, Inc. (Solana) Solar Generation

Solar Generation

Gila Bend, AZ
$1.446 billion Loan Amount 60/1,700 Jobs (Permanent / Construction) 250 Generation Capacity
1,095,000 MWh/Gallons 634,000 Annual Avoided CO2(tons) 135,000 Annual Cars off the Road*
97,100 Annual Households Equivalent
1705 (FIPP)
Caithness Shepherds Flat Wind Generation

Wind Generation

Gilliam, Morrow Counties, OR
partial guarantee of $1.3 billion Loan Amount 35/400 Jobs (Permanent / Construction) 845 Generation Capacity
1,800,000 MWh/Gallons 1,042,000 Annual Avoided CO2(tons) 223,000 Annual Cars off the Road*
160,000 Annual Households Equivalent
1705
Cogentrix of Alamosa, LLC Solar Generation

Solar Generation

Alamosa, CO
$90 milion Loan Amount 10/75 Jobs (Permanent / Construction) 30 Generation Capacity
58,000 MWh/Gallons 34,000 Annual Avoided CO2(tons) 7,000 Annual Cars off the Road*
5,100 Annual Households Equivalent
1705
Exelon (Antelope Valley Solar Ranch) Solar Generation

Solar Generation

Lancaster, CA
$646 million Loan Amount 20/350 Jobs (Permanent / Construction) 250 Generation Capacity
482,000 MWh/Gallons 279,000 Annual Avoided CO2(tons) 60,000 Annual Cars off the Road*
42,700 Annual Households Equivalent
1705 (FIPP)
Granite Reliable Wind Generation

Wind Generation

Coos County, NH
partial guarantee of $168.9 million Loan Amount 6/198 Jobs (Permanent / Construction) 99 Generation Capacity
224,000 MWh/Gallons 130,000 Annual Avoided CO2(tons) 28,000 Annual Cars off the Road*
19,900 Annual Households Equivalent
1705
Kahuku Wind Power (First Wind) Wind Generation

Wind Generation

Kahuku, Oahu, HI
$117 million Loan Amount 10/200 Jobs (Permanent / Construction) 30 Generation Capacity
68,000 MWh/Gallons 39,000 Annual Avoided CO2(tons) 8,000 Annual Cars off the Road*
6,000 Annual Households Equivalent
1705
LS Power Associates (ON Line – formerly known as SWIP-S) Transmission

Transmission

Eastern Nevada, NV
$343 million Loan Amount 15/400 Jobs (Permanent / Construction) N/A Generation Capacity
N/A MWh/Gallons N/A Annual Avoided CO2(tons) N/A Annual Cars off the Road*
N/A Annual Households Equivalent
1705
Mesquite Solar 1, LLC (Sempra Mesquite) Solar Generation

Solar Generation

Maricopa County, AZ
$337 million Loan Amount 7/300 Jobs (Permanent / Construction) 170 Generation Capacity
328,000 MWh/Gallons 190,000 Annual Avoided CO2(tons) 41,000 Annual Cars off the Road*
29,100 Annual Households Equivalent
1705 (FIPP)
Nevada Geothermal Power Company, Inc. (Blue Mountain) Geothermal

Geothermal

Reno, NV
partial guarantee of $98.5 million Loan Amount 14/200 Jobs (Permanent / Construction) 39 Generation Capacity
290,000 MWh/Gallons 168,000 Annual Avoided CO2(tons) 36,000 Annual Cars off the Road*
25,700 Annual Households Equivalent
1705 (FIPP)
NextEra Energy Resources, LLC (Desert Sunlight) Solar Generation

Solar Generation

Riverside County, CA
partial guarantee of $1.46 billion Loan Amount 15/550 Jobs (Permanent / Construction) 550 Generation Capacity
1,060,000 MWh/Gallons 614,000 Annual Avoided CO2(tons) 131,000 Annual Cars off the Road*
94,000 Annual Households Equivalent
1705 (FIPP)
NextEra Energy Resources, LLC (Genesis Solar) Solar Generation

Solar Generation

Riverside County, CA
partial guarantee of $852 million Loan Amount 47/800 Jobs (Permanent / Construction) 250 Generation Capacity
679,000 MWh/Gallons 393,000 Annual Avoided CO2(tons) 84,000 Annual Cars off the Road*
60,200 Annual Households Equivalent
1705
NRG Energy, Inc. (BrightSource) Solar Generation

Solar Generation

Mojave, CA
$1.6 billion Loan Amount 86/1,000 Jobs (Permanent / Construction) 392 Generation Capacity
1,065,000 MWh/Gallons 617,000 Annual Avoided CO2(tons) 132,000 Annual Cars off the Road*
94,400 Annual Households Equivalent
1705
NRG Solar (California Valley Solar Ranch) Solar Generation

Solar Generation

San Luis Obispo, CA
$1.237 billion Loan Amount 15/350 Jobs (Permanent / Construction) 250 Generation Capacity
482,000 MWh/Gallons 279,000 Annual Avoided CO2(tons) 60,000 Annual Cars off the Road*
42,700 Annual Households Equivalent
1705
NRG Solar, LLC (Agua Caliente) Solar Generation

Solar Generation

Yuma County, AZ
$967 million Loan Amount 10/400 Jobs (Permanent / Construction) 290 Generation Capacity
559,000 MWh/Gallons 324,000 Annual Avoided CO2(tons) 69,000 Annual Cars off the Road*
49,600 Annual Households Equivalent
1705 (FIPP)
Ormat Nevada, Inc. Geothermal

Geothermal

Jersey Valley, McGinness Hills, and Tuscarora, NV
partial guarantee of $350 million Loan Amount 64/332 Jobs (Permanent / Construction) 113 Generation Capacity
841,000 MWh/Gallons 487,000 Annual Avoided CO2(tons) 104,000 Annual Cars off the Road*
74,600 Annual Households Equivalent
1705
Record Hill Wind Wind Generation

Wind Generation

Roxbury, ME
$102 million Loan Amount 8/200 Jobs (Permanent / Construction) 50 Generation Capacity
96,000 MWh/Gallons 56,000 Annual Avoided CO2(tons) 12,000 Annual Cars off the Road*
8,500 Annual Households Equivalent
1705
SolarReserve, LLC (Crescent Dunes) Solar Generation

Solar Generation

Nye County, NV
$737 million Loan Amount 45/600 Jobs (Permanent / Construction) 110 Generation Capacity
482,000 MWh/Gallons 279,000 Annual Avoided CO2(tons) 60,000 Annual Cars off the Road*
42,700 Annual Households Equivalent
1705
Solyndra Inc. Solar Manufacturing

Solar Manufacturing

Fremont, CA
$535 million Loan Amount N/A/3,000 Jobs (Permanent / Construction) N/A Generation Capacity
681,000 MWh/Gallons 391,000 Annual Avoided CO2(tons) 75,000 Annual Cars off the Road*
59,000 Annual Households Equivalent
1705
Stephentown Spindle (Beacon Power) Energy Storage

Energy Storage

Stephentown, NY
$43 million Loan Amount 14/20 Jobs (Permanent / Construction) N/A Generation Capacity
N/A MWh/Gallons N/A Annual Avoided CO2(tons) N/A Annual Cars off the Road*
N/A Annual Households Equivalent
1705
US Geothermal, Inc. Geothermal

Geothermal

Malheur County, OR
$97 million Loan Amount 10/150 Jobs (Permanent / Construction) 20 Generation Capacity
149,000 MWh/Gallons 86,000 Annual Avoided CO2(tons) 18,000 Annual Cars off the Road*
13,200 Annual Households Equivalent
ATVM
Ford Motor Company Motor Vehicle Manufacturing

Motor Vehicle Manufacturing

Michigan
$5.907 billion Loan Amount 33,000 Jobs (Permanent) N/A Generation Capacity
N/A MWh/Gallons 2,380,000 Annual Avoided CO2(tons) 509,000 Annual Cars off the Road*
N/A Annual Households Equivalent
ATVM
Ford Motor Company Motor Vehicle Manufacturing

Motor Vehicle Manufacturing

Illinois
$5.907 billion Loan Amount 3,000 Jobs (Permanent) N/A Generation Capacity
N/A MWh/Gallons 2,380,000 Annual Avoided CO2(tons) 509,000 Annual Cars off the Road*
N/A Annual Households Equivalent
ATVM
Ford Motor Company Motor Vehicle Manufacturing

Motor Vehicle Manufacturing

Kentucky
$5.907 billion Loan Amount 3,500 Jobs (Permanent) N/A Generation Capacity
N/A MWh/Gallons 2,380,000 Annual Avoided CO2(tons) 509,000 Annual Cars off the Road*
N/A Annual Households Equivalent
ATVM
Ford Motor Company Motor Vehicle Manufacturing

Motor Vehicle Manufacturing

Missouri
$5.907 billion Loan Amount 4,000 Jobs (Permanent) N/A Generation Capacity
N/A MWh/Gallons 2,380,000 Annual Avoided CO2(tons) 509,000 Annual Cars off the Road*
N/A Annual Households Equivalent
ATVM
Nissan North America, Inc. OEM

OEM

Smyrna, TN
$1.448 billion Loan Amount 1,300 Jobs (Permanent) N/A Generation Capacity
N/A MWh/Gallons 51,000 Annual Avoided CO2(tons) 11,000 Annual Cars off the Road*
N/A Annual Households Equivalent
ATVM
Tesla Motors OEM

OEM

Fremont, CA
$465 million Loan Amount 1,500 Jobs (Permanent) N/A Generation Capacity
N/A MWh/Gallons 52,000 Annual Avoided CO2(tons) 11,000 Annual Cars off the Road*
N/A Annual Households Equivalent
ATVM
The Vehicle Production Group LLC OEM

OEM

Mishawaka, IN
$50 million Loan Amount 900/900 Jobs (Permanent / Construction) N/A Generation Capacity
N/A MWh/Gallons 12,200 Annual Avoided CO2(tons) 3,000 Annual Cars off the Road*
N/A Annual Households Equivalent
ATVM
The Vehicle Production Group LLC OEM

OEM

Mishawaka, IN
$50 million Loan Amount 900/900 Jobs (Permanent / Construction) N/A Generation Capacity
N/A MWh/Gallons 12,200 Annual Avoided CO2(tons) 3,000 Annual Cars off the Road*
N/A Annual Households Equivalent
About the Data

Annual MWh/Gallon:
Annual generation of electricity in megawatt-hours (MWh) or gallons of biofuel (project type dependent).

20-year avoided GHG:
Tons of greenhouse gases that might have otherwise been emitted from other energy sources over a 20-year period if not for implementation of the project.

Annual avoided CO2:
Annual tons of carbon dioxide that might have otherwise been emitted from other energy sources if not for implementation of the project.

Annual avoided SO2:
Annual tons of sulfur dioxide that might have otherwise been emitted from other energy sources if not for implementation of the project.

Annual avoided NOx:
Annual tons of nitrogen oxides that might have otherwise been emitted from other energy sources if not for implementation of the project.

Annual “cars off the road”:
The number of passenger vehicles with equivalent annual tons of greenhouse gases emissions that might have otherwise occurred from other energy sources if not for implementation of the project (as based on EPA MOBILE6.2 Average passenger vehicle = 5.20 metric tons CO2e).

Household equivalents:
The number of residential households with equivalent annual tons of carbon dioxide emissions that might have otherwise occurred from other energy sources if not for implementation of the project (as based on EIA figure 14,796 lbs CO2 emissions per year for an average household).

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Generation

  • Solar
  • Wind
  • Geothermal
  • Nuclear
  • Distributed Solar

Manufacturing/Other

  • Solar Manufacturing
  • Storage/Efficiency
  • Biofuels/Biomass
  • Transmission
  • Vehicle Manufacturing

About the Section 1703 Loan Program

Section 1703 of Title XVII of the Energy Policy Act of 2005 authorizes the U.S. Department of Energy to support innovative clean energy technologies that are typically unable to obtain conventional private financing due to high technology risks. In addition, the technologies must avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases. Technologies we will consider include: biomass, hydrogen, solar, wind/hydropower, nuclear, advanced fossil energy coal, carbon sequestration practices/technologies, electricity delivery and energy reliability, alternative fuel vehicles, industrial energy efficiency projects, and pollution control equipment. Technologies with more than three implementations that have been active for more than five years are excluded.

Section 1703 Eligibility

In order to be eligible for a section 1703 loan, an applicant must:

  • Be located in the U.S. (Foreign ownership or sponsorship of the project is permissible as long as the project is located in one of the fifty states, the District of Columbia or a U.S. Territory);
  • Employ a new or significantly improved technology that is NOT a commercial technology;
    • A commercial technology means a technology in general use in the commercial marketplace in the U.S. at the time the term sheet is issued by the Department;
    • A technology is in general use if it has been installed in and is being used in three or more commercial projects in the U.S. in the same general application as in the proposed project, and has been in operation in each such commercial project for a period of at least five years by the time the term sheet is issued; and
  • Meet Davis Bacon requirements.

Section 1703 Application Information

The Section 1703 program is currently accepting applications through its Advanced Fossil Energy Projects Solicitation and we are still evaluating previously submitted applications for other technology areas. Please check our Solicitations page regularly for updates.

Section 1703 Credit Subsidy Cost

Title XVII specifies that the Energy Department must receive either an appropriation for the Credit Subsidy Cost (CSC) – the expected long-term liability to the Federal Government in issuing the loan guarantee – or payment of that cost by the borrower.  Under Section 1703, borrowers pay the CSC directly.

Sample 1703 Projects

Here are two sample 1703 projects:

  • Georgia Power Company (GPC), Oglethorpe Power Corporation (OPC), and the Municipal Electric Authority of Georgia (MEAG) are using an $8.33 billion loan to construct and operate two new nuclear reactors at a plant in Waynesboro, Georgia. The project will create just over 4,000 jobs, output 18 million MWh a year, and about 10 million tons of CO2.
  • AREVA Enrichment Services, LLC, is using a $2 billion loan to support the Eagle Rock Enrichment Facility in Idaho Falls, Idaho. The project will supply uranium enrichment services and create 1,300 jobs.