Rural clean energy to get $11B Inflation Reduction Act boost ...Middle East

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Rural clean energy to get $11B Inflation Reduction Act boost
source : The Hill ( Middle East ) () 37
The U.S. Department of Agriculture (USDA) on Wednesday outlined nearly $11 billion in funds expected to boost clean energy in rural America that were part of the Democratic Inflation Reduction Act.  The bulk of the funds will go toward rural electric cooperatives — nonprofit companies that deliver electricity to communities— to support the purchase of renewable energy, carbon capture or other zero-emission systems. A total of $9.7 billion will be distributed as loans, grants and loan modifications.  An additional $1 billion will be given as loans to a range of entities including corporations, municipalities, co-ops and tribes for renewable energy.  The administration described th

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