Billions in Clean Energy Bonds Announced
The U.S. Department of Treasury announced the allotment of $2.2 billion in Clean Renewable Energy Bonds for hundreds of public power companies and cooperatives, helping them access lower cost credit and encourage clean renewable energy production.
"Because of the Clean Renewable Energy Bonds awards announced today, energy developers will be able to access lower cost credit to help make the shift to clean renewable energy production, benefitting both our economy and our environment," said Treasury Deputy Secretary Neal Wolin.
The department considered more than 1,000 applicants for the highly-prized bonds, eventually choosing 805. Most of the money awarded will go toward solar, wind, hydropower, and biomass projects.