USDA Invests $68 Million in 540 Renewable Energy and Energy Efficiency Projects Nationwide
Funding includes loan guarantees and grants for solar energy to create jobs, promote energy independence and advance the use of renewable fuels
BUNN, N.C., Sept. 18, 2014 – Agriculture Secretary Tom Vilsack today announced that USDA is investing in 540 renewable energy and energy efficiency projects nationwide.
“These loan guarantees and grants will have far-reaching impacts nationwide, particularly in the rural communities where these projects are located,” Vilsack said. “Investing in renewable energy and energy efficiency will continue the unprecedented increase in home-grown energy sources and American energy independence we’ve seen in recent years. This is creating jobs, providing new economic opportunities and leading the way to a more secure energy future.”
Secretary Vilsack made the announcement while in North Carolina to highlight USDA’s investments in rural renewable energy projects, as part of the Obama Administration’s ‘all-of-the-above’ energy strategy. It is the most recent of a series of USDA actions to strengthen the country’s energy sector. Two weeks ago, Vilsack announced a $105 million loan guarantee to a company that will produce jet fuel from municipal solid waste.
Today’s funding is being provided through USDA Rural Development’s Rural Energy for America Program (REAP). REAP was created by the 2008 Farm Bill and was reauthorized by the recently passed 2014 Farm Bill.