Trump Cancels $3 Billion Solar Subsidy ...Middle East

OILPRICE - Economy
Trump Cancels $3 Billion Solar Subsidy
source : OILPRICE ( Middle East ) () 37
The Trump administration has canceled a loan guarantee of $2.92 billion granted by the previous administration to solar major Sunnova. Per a Bloomberg report, the cancelation followed Sunnova’s telling the federal government it had changed its mind about the loan and no longer wanted to use it. The company had only made use of some $371 million from the facility, the report noted. The Biden admin had celebrated the loan guarantee as the largest subsidy package ever granted for solar power. For Sunnova, however, the package was the worst option…

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