Energy Efficiency, Finance, Sourcing Renewables - March 3, 2021
Jigar Shah to lead $40 billion DOE clean tech loan effort
The U.S. Department of Energy (DOE) announced on March 3 the appointment of clean energy industry pioneer Jigar Shah as Director of the Loan Program Office, which will oversee more than $40 billion in loan authority across manufacturing, innovative finance, and tribal energy projects.
A total of 42 appointees have been named to senior leadership positions by the Biden-Harris Administration, including Karen Skelton as a Senior Advisor to Secretary of Energy Jennifer M. Granholm. The DOE team will be responsible for implementing President Biden’s vision for tackling the climate crisis and building an equitable clean energy future.
“DOE is thrilled to bring on these dynamic leaders, who understand the urgency of the climate crisis and will help us seize opportunities to deploy the clean energy technologies of the future,” said DOE Chief of Staff Tarak Shah in the announcement. “Jigar and Karen both know how to implement the kind of transformative policies we need to build our energy economy back better, while creating millions of good-paying union jobs and delivering benefits to the hardest-hit communities.”
Jigar Shah was recently featured on the fifth-anniversary episode of the Smart Energy Voices podcast. “Jigar Shah on Creating Climate Wealth,” features Shah in conversation with John Failla, Founder and Editorial Director of Smart Energy Decisions.
Shah was most recently co-founder and President at Generate Capital, where he focused on helping entrepreneurs accelerate decarbonization solutions through the use of low-cost infrastructure-as-a-service financing. Previously, Shah founded SunEdison, a company that pioneered “pay as you save” solar financing.
In a video posted to the DOE’s LinkedIn page, Shah said, “The loans program office is back open for business. We’re ready to go big on the world’s most exciting clean energy ideas and put Americans to work turning those ideas into reality.”
SED's View: Jigar is absolutely the best person for this important role. We look forward to exciting advancements in clean energy tech with Jigar driving the DOE Loan Program. His recent interview on Smart Energy Voices provides insight into his views on clean tech investing.