The Obama Administration announced today that is will provide $30 billion in loan guarantees for renewable energy projects like ethanol and biodiesel. These loan guarantees will help create new jobs while fostering innovation in Wisconsin’s emerging biofuels industry.
U.S. Energy Secretary Steven Chu said, “These investments will be used to create jobs, spur the development of innovative clean energy technologies, and help ensure a smart, strong and secure grid that will deliver renewable power more effectively and reliably.”
Applications for these guaranteed loans will be accepted over the next 45 days. Biofuels producers interested in applying for a guaranteed loan can click here for information about the program and application process.
More information can also be found by visiting www.lgprogram.energy.gov.Permalink + Share This