$11 billion allocated for rural clean energy projects under Biden administration.

The Biden administration has announced that 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. Rural electric cooperatives will be eligible to apply beginning July 31 for $9.7 billion in grants for deploying renewable energy, zero-emission, and carbon capture systems. Renewable energy developers and electric service providers will be eligible to apply beginning June 30 for another $1 billion in partially forgivable loans for financing wind, solar, geothermal, biomass, and other renewable energy projects.