Clean Energy Deployment Administration (CEDA)

SEIA supports the creation of a Clean Energy Deployment Administration (CEDA) as an independent, wholly owned government corporation to support renewable energy industries via direct loans, loan guarantees, insurance and other credit mechanisms. CEDA would create thousands of jobs in renewable energy, encourage energy generation without raising consumer rates or impairing shareholder value, decrease dependence on foreign oil, increase American competitiveness in renewable energy technology, and reduce carbon emissions.

The purpose of CEDA is to support the deployment of renewable energy technologies by authorizing credit support. This bank should be chartered for 20 years, fully transparent, and accountable to Congress.

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The Clean Energy Deployment Administration (CEDA) currently exists in pending energy and climate legislation. CEDA is included in the American Clean Energy and Security Act in the U.S. House of Representatives and the Senate's American Clean Energy Leadership Act.

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