For 100 of those applicants, the Energy Department has hired staff to provide business development advice and "intense mentorship," Jigar Shah, head of the Energy Department's Loan Programs Office, told Reuters on the sidelines of the CERAWeek energy conference in Houston.
Given the rapidly evolving technologies in the clean energy space, Shah said the department might shorten loan terms.
If we think that that's a risk, then we just change the terms of the loan," Shah said.
The LPO office would like more applications from electric utilities and oil and gas companies for projects designed to reduce emissions, as well as geothermal companies, Shah said.
Commercial debt markets are "less interested in the more innovative approaches that (wind companies) are taking.