Status Report: DOE Section 1705 Loan Program
Central to the Obama Administration’s energy policy are massive subsidies for politically-preferred energy sources. The Department of Energy’s (DOE) section 1705 loan guarantee program has been one of the Obama Administration’s primary methods for funding renewable energy projects. The DOE reports $34.7 billion in taxpayer-subsidized loan and partial loan guarantees have funded 33 clean energy projects including $535 million to the infamous Solyndra.