$8B in Transmission Loans for Clean Energy Projects
On April 27,听the announced $8.25 billion in loans available for transmission projects. A story published today at 听covered these highlights and detailed more.
- The听total loan amount includes up to $5 billion in loan guarantees for innovative transmission projects, as well as up to $3.25 billion in the ) transmission infrastructure fund. The WAPA revolving loan program is designed to promote clean power in the West.
- Also on Tuesday, published a that are considered “shovel-ready” and will add renewable energy to the U.S. grid.
- The White House simultaneously听 on the coordinated efforts between DOE and the Department of Transportation (DOT) to modernize the electric grid. 罢丑别听fact sheet cites the independent analysis in the ACEG report as proof that construction-ready transmission projects would bring more than 60 GW of renewable energy online.
The Biden administration is working toward a promise of 100% clean energy by 2035. Expanding transmission to deliver renewable energy is a critical part of that effort and one on which Irby is currently working in Maine. 听
Irby’s work in a joint venture with for is a great example of the type of work achieving the Biden Administration’s goal will require. project is a $950 million investment that will deliver 1,200 megawatts of renewable hydropower to the New England energy grid, bringing clean energy to 1.2 million households. In April 2020, the Irby Cianbro team was awarded a 145-mile transmission line project from 听
