U.S. flag An official website of the United States government

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

Tribal Energy Loan Guarantee Program

Open Date:

7/7/2018

Close Date:

3/16/2022

Upcoming Milestones:

Eligible Recipients:

  • Lending Institution
  • Native/Tribal Entity

Program Purpose:

Economic Development, Energy Infrastructure

Reserved for Energy
Communities?

No

Funded by:

U.S. Department of Energy

Overview

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. Please note that application submission deadlines are scheduled on a monthly basis until March 2022, and additional rounds may be announced in a supplement to the solicitation.

Schedule

First Part I Submission Due Date: September 19, 2018
Last Part I Submission Due Date: November 1, 2019
Last Part I Submission Due Date: March 16, 2022
Last Part II Submission Due Date: March 16, 2022

 

Funding Details

Funding Source:
Funding Type:
Loan Guarantee
Total Amount Available:
$2,000,000,000
Limit per Applicant:
$2,000,000,000 (loan guarantee)
Estimated Awards:
Not stated

Applicant Guidance

Contact Information

Scroll to Top