05/16/2023

Rural Clean Energy Projects Get Major Cash Infusion

Biden administration announces $11 billion for rural clean energy projects

Rural electric cooperatives, utilities, and other energy providers will soon be able to apply for nearly $11 billion in grants and loans for clean energy projects, funded by the $430 billion Inflation Reduction Act signed into law last August, the Biden administration said on Tuesday.

Expanding 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.

"This is an exciting and an historic day and continues an ongoing effort to ensure that rural America is a full participant in the clean energy economy," said Agriculture Secretary Tom Vilsack on the call.

Please select this link to read the complete article from Reuters.