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Feds pitch Virginia on loan opportunities for renewable energy transition - Virginia Mercury

virginiamercury.com · 650 words · saved by 1 readers

The U.S. Department of Energy's Loan Program Office says Virginia could get loans for up to 80% of clean energy project costs.

0:03 News Story The federal government is pitching Virginia on loan opportunities to help pay for the state’s transition to renewables, saying federal funding can reduce the financial burden passed on to ratepayers. The U.S. Department of Energy’s Loan Program Office said loans are available to cover up to 80% of the costs of projects that convert fossil fuel generation sources to renewables, install transmission upgrades and develop offshore wind or small modular nuclear reactors and their related supply chains. Leslie Rich, a consultant with the Loan Program Office, told the Virginia Commiss

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