The grants will be funded by the Inflation Reduction Act signed into law last August. Read more at straitstimes.com.
WASHINGTON - Rural electric cooperatives, utilities, and other energy providers in the United States will soon be able to apply for nearly US$11 billion in grants and loans for clean energy projects, funded by the US$430 billionExpanding clean energy to rural communities is critical to meeting the administration’s goal of net-zero emissions by 2050, officials told reporters on a Monday press call.
Renewable energy developers and electric service providers like municipal and tribal utilities will be eligible to apply beginning June 30 for another US$1 billion in partially forgivable loans for financing wind, solar, geothermal, biomass, and other renewable energy projects, USDA said. On the call with reporters, White House adviser John Podesta said the money would bring good-paying jobs to rural communities, and national climate adviser Ali Zaidi said the investment would be a “game-changer.”
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