Wisconsin Coop Receives Huge Federal Loan Guarantee for Renewable Power
Posted on Oct 4, 2012 in Climate Change, Environmental, Financing, Renewable Energy, Technology | Comments Off on Wisconsin Coop Receives Huge Federal Loan Guarantee for Renewable Power
Dairyland Power Cooperative (Dairyland) was awarded a $261.9 million loan guarantee from the federal government to reduce environmental impacts, update technology and improve distribution in a swath of the rural Midwest. Renewable energy sources make up about 12 percent of Dairyland’s electricity sales, which exceeds the state’s 2015 requirement that all Wisconsin utilities have at least 10 percent renewable generation. The loan guarantee will allow the La Crosse-based coop to add 81 miles of transmission line, increase efficiency and cut coal emissions. The guarantee also allows for $3.5 million for smart grids. The La Crosse Tribune has more on this story.
