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Energy Dept. to Revitalize a Loan Guarantee Program

Six months after the expiration of a federal loan guarantee program that backed $16 billion in loans to solar, wind and geothermal energy projects, the Energy Department has decided to offer a smaller set of similar guarantees by tapping another pot of money appropriated by Congress last year. The solar module maker Solyndra borrowed $527 million under that program before it went bankrupt. It was unclear how much in loans the department could guarantee with the new money.

4/05 NY Times