On May 30, 2023, the U.S. Department of Energy’s Loan Program Office (the “DOE LPO”) released, for public comment by July 31, 2023, an interim final rule (the "IFR") amending regulations governing DOE's clean energy loan guarantee programs.
Funding for rural electrification by rural electric cooperatives in the amount of $10.7 billion of has been announced under Sections 22001 and 22004 of the Inflation Reduction Act (the "IRA"). Section 22004 of the IRA provides for loans and grants to rural electric cooperatives for the purchase of renewable energy systems, zero-emission systems and carbon capture systems, to make energy-efficiency improvements to generation and transmission systems, or to purchase renewable energy under a power purchase agreement.
Baker Botts is proud to be a sponsor of the upcoming webinar "Deep Decarbonization: The Role of Carbon Capture and Hydrogen in Achieving a Net-Zero Emissions Economy" hosted by Dynamo Energy Hub on October 21.
Baker Botts Partner John Kaercher will be a panelist in Dynamo Energy Hub's webinar, titled, "Opportunities for Private Finance to Accelerate the Clean Energy Transition" on Thursday, March 11 at 11:00 a.m. - 12:00 p.m. EST.