- Lending Institution
- Native/Tribal Entity
- Economic Development
- Energy Infrastructure
Reserved for Energy
The Tribal Energy Loan Guarantee Program (TELGP) is a partial loan guarantee program that can guarantee up to $2 billion in loans to support economic opportunities to tribes through energy development projects and activities. Under this solicitation, the Department of Energy (DOE) can guarantee up to 90 percent of the unpaid principal and interest due on any loan made to a federally recognized Indian tribe or Alaska Native Corporation for energy development.
Eligible Borrowers: Loan guarantees under TELGP are available to eligible Indian tribes or entities, including Alaska Native village or regional or village corporations, or other financial institutions or tribes meeting certain criteria established by DOE, that are able to demonstrate being eligible for the special programs and services provided by the United States to Indians because of their status as Indians, or their wholly-owned entities with appropriate legal authority. In addition, Tribal Energy Development Organizations that are majority-owned and controlled by one or more eligible tribes are also eligible for loan guarantees under TELGP.
Eligible Lenders: An eligible lender would be a federally regulated commercial bank, other financial institution or a tribe satisfying requirements established by DOE, that is able to demonstrate experience and capability to evaluate, underwrite, and negotiate energy development loans, similar to the proposed loan with its tribal customers, and should only apply for a guarantee if the proposed loan satisfies its own requirements. Please read the solicitation for further information about eligible lenders.
Eligible Projects: DOE can support a broad range of energy-related projects for tribes, including fossil energy production and mining, renewable energy, transmission infrastructure, and energy storage projects. DOE is particularly focused on catalyzing the use of commercially available technologies in Indian country. Please read the solicitation for more information about eligible projects. Projects utilizing innovative technologies may wish to consider the Loan Programs Office's Title 17 Innovative Energy Loan Guarantee Program.
Application Evaluation Process: DOE will evaluate applications in a two phases. Following a favorable determination based on this two-phase review, DOE will commence more extensive due diligence and the negotiation of transaction terms. DOE would then proceed to offer a term sheet and conditional commitment for a partial loan guarantee. Upon satisfaction of conditions precedent, DOE would then provide the partial loan guarantee. Please read the solicitation for further information about the evaluation process.