Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education organization working to improve the energy literacy of all sectors of our democracy.

New Federal Loans Released for Renewable Energy

To continue bolstering renewable energy and modernization of America's electrical grid, the Department of Energy has opened $36 billion for loan guarantees.

Of the $36 billion, $2 billion is specifically aimed at biofuels and $6 billion at revamping the electrical grid. The rest is aimed at promoting general renewable energy projects.

Recepients of federal loan guarantees are insured against the failure of the project, and are helped with some initial subsidy costs.

For more information, click here.

Labels: biofuels, energy sources, renewables, u.s. energy policy

posted by Amanda Voss at 11:51 AM

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