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Shop Talk: A Conversation with Steven Klein
Steven Klein has worked for nearly 30 years in infrastructure finance, investment banking and credit markets. He is the founding partner of First Infrastructure, a consulting and advisory firm focused on infrastructure, energy finance and capital markets. He is currently assisting the U.S. Department of Energy (DOE) with the development of an expanded Loan Guarantee Program. Institutional Investing in Infrastructure senior editor Drew Campbell spoke with Klein about the DOE program.
What are the goals of the expanded DOE loan guarantee program?
The program combines the goals of alternative energy development and economic stimulus. To do so, it applies the concept of delegated lending — i.e., allowing risk-sharing public and private institutions — to underwrite and structure eligible loans for final approval by DOE.
What kind of alternative energy systems is this program well suited for?