"Biden Administration Announces $8.25B In Loans To Boost Power Grid"

"The Biden administration is taking several actions to boost the power grid, it announced Tuesday, including up to $8.25 billion in new Energy Department loans.

Through the department's Western Area Power Administration Transmission Infrastructure Program, $3.25 billion will be available for supporting electricity transmission projects that will bolster renewable energy in the West.

And the department will loan up to an additional $5 billion toward “innovative” projects and ones that are owned by tribal nations or Alaska Native Corporations. These include a type of bulk transmission system called high-voltage direct current, as well as those that connect to offshore wind or are situated along rail and highways."

Rachel Frazin and Zack Budryk report for The Hill April 27, 2021.


"How To Keep The Power On When 'Magical' Grid Fails" (E&E News)

"Down To The Wire: Biden’s Green Goals Face A Power Grid Reckoning" (Politico)

"Fact Sheet: Biden Administration Advances Expansion & Modernization of the Electric Grid" (White House Release)

"Report: 22 Power Lines Could Boost Renewables By 50%" (E&E News)

Source: The Hill, 04/28/2021