Biden administration offers $ 8.35 billion in power grid loans
WASHINGTON, April 27 (Reuters) – The U.S. Department of Energy on Tuesday announced it is offering up to $ 8.35 billion in business loans to strengthen the electricity grid as part of the goal of Biden administration to decarbonize it by 2035.
The department makes funding available for projects that improve resilience and expand transmission capacity across the grid, “so that we can reliably move clean energy from where it is produced to where it is. most needed, ”Energy Secretary Jennifer Granholm said. (Report by Timothy Gardner, edited by Franklin Paul)
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