Rural Clean Energy Initiative & Support to rural energy transition
The 2023 Budget of the U.S. Department of Agriculture (USDA) allocates USD 300 million to support rural electricity providers in the transition to clean energy sources in addition to USD 6.5 billion for rural electric loans. These funds will be used to finance clean energy transition projects, including renewable energy and energy storage expansion, transmission updates, and job creation. Another USD 15 million is provided for the creation of the Rural Clean Energy Initiative to manage efficient use of funding.
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