President Biden offers $450 mn for clean energy projects at coal mines ...Middle East

Business Standard - Economy
President Biden offers $450 mn for clean energy projects at coal mines
source : Business Standard ( Middle East ) () 43
President Joe Biden's administration is making USD450 million available for solar farms and other clean energy projects at the site of current or former coal mines, part of his efforts to combat climate change. As many as five projects nationwide will be funded through the 2021 infrastructure law, with at least two projects set aside for solar farms, the White House said Tuesday. The White House also said it will allow developers of clean energy projects to take advantage of billions of dollars in new bonuses being offered in addition to investment and production tax credits available through the 2022 Inflation Reduction Act. The bonuses will "incentivize more clean energy investment in ener

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