Biden govt puts $20 bn in ‘green bank’ for renewable energy projects
The Biden administration said it is making available USD 20 billion from a federal green bank for clean energy projects such as residential heat pumps, electric vehicle charging stations and community cooling centres.
Two programmes, worth USD 14 billion and USD 6 billion, respectively, will offer competitive grants to non-profits, community development banks, and other groups to invest in clean energy projects, with a focus on disadvantaged communities, the White House said.
The investments follow a USD 7 billion Solar for All’ programme launched last month for residential and community solar projects in low-income communities.
