Direct Application

In renewable energy: the mode of RE Application whereby the RE Applicant identifies a Contract Area it wishes to explore and develop. This identified Contract Area must first be certified by the DOE to be free and open for exploration or development [Section 3.11, DOE...

Financial Closing

In renewable energy: such milestones when the RE Developer has secured a written commitment from the financier/s to provide its full funding requirements through equity and/or commercial borrowings, or other financing schemes for the RE Project to transition from the...

Geothermal Service Contract (GSC)

In renewable energy: the RE Contract issued for the exploration, development and/or utilization of geothermal resources as RE Resource for the operation of RE Projects [Section 3.14, DOE Department Circular No. DC2024-06-0018, Revised Omnibus Guidelines Governing the...

Hydropower Service Contract (HSC)

In renewable energy: the RE Contract for the exploration, development and/or utilization of hydropower resources as RE Resource for the operation of RE Projects [Section 3.15, DOE Department Circular No. DC2024-06-0018, Revised Omnibus Guidelines Governing the Award...

Letter of Intent (LOI)

In renewable energy: the written notice or document submitted by a Person to the DOE, indicating interest in the exploration, development, utilization and commercialization of RE Resource [Section 3.16, DOE Department Circular No. DC2024-06-0018, Revised Omnibus...

Ocean Energy Service Contract (OESC)

In renewable energy: the RE Contract for the exploration, development and/or utilization of ocean resources for the operation of RE Projects [Section 3.17, DOE Department Circular No. DC2024-06-0018, Revised Omnibus Guidelines Governing the Award and Administration of...

You cannot copy content of this page