19 Cooperatives Receive $434 Million from USDA Electric Loan Program
Posted on Sep 5, 2023 in Grid & Infrastructure | Comments Off on 19 Cooperatives Receive $434 Million from USDA Electric Loan Program
The U.S. Department of Agriculture announced over $430 million in rural infrastructure loans to 19 cooperatives in 10 states to assist with strengthened systems, grid reliability and security. Minnesota cooperative Lake County Power received the largest loan of $82 million to build 400 miles of line and improve four substations.
USDA INVESTS $17 MILLION TO EXPAND MARKET OPPORTUNITIES IN RURAL IOWA
Posted on Aug 23, 2023 in Economic Development | Comments Off on USDA INVESTS $17 MILLION TO EXPAND MARKET OPPORTUNITIES IN RURAL IOWA
The USDA Rural Development State Director in Iowa announced that the Agency is investing $15,967,000 in loans and $1,124,000 in grants to four projects in four Iowa counties to promote rural economic development, job creation, and health services.
Biden Administration Makes $11 Billion Available for Clean Energy Development in Rural America
Posted on May 16, 2023 in Grid & Infrastructure, Renewable Energy | Comments Off on Biden Administration Makes $11 Billion Available for Clean Energy Development in Rural America
The White House announced the opening of two programs designed to distribute $11 billion in grants and loan opportunities to various stakeholders, including rural electric cooperatives, for investment in clean energy resources. The U.S. Department of Agriculture’s Empower Rural America program will provide $9.7 billion for rural electric cooperatives and its Power Affordable Clean...
New Mexico to Receive Funds for Rural High-Speed Internet
Posted on Aug 2, 2022 in Broadband | Comments Off on New Mexico to Receive Funds for Rural High-Speed Internet
New Mexico will receive more than $100 million for high-speed internet projects in rural areas. The projects, part of a $401 million national funding announcement, are supported by the U.S. Department of Agriculture’s ReConnect program.
Lewis County Rural Electric Cooperative Receives $13.4 Million USDA Loan
Posted on May 9, 2022 in Grid & Infrastructure | Comments Off on Lewis County Rural Electric Cooperative Receives $13.4 Million USDA Loan
Lewis County Electric Cooperative in Lewiston, Missouri has received a $13.4 million loan from the U.S. Department of Agriculture (USDA). The loan will go towards upgrading transmission lines and funding smart grid upgrades.
Great Lakes Energy Cooperative Receives $27 Million as Part of USDA Clean Energy Grant
Posted on May 5, 2022 in Renewable Energy | Comments Off on Great Lakes Energy Cooperative Receives $27 Million as Part of USDA Clean Energy Grant
Great Lakes Energy Cooperative (Great Lakes) is the largest recipient of U.S. Department of Agriculture (USDA) funds to support clean energy in Michigan. The USDA funds will be distributed to eight different projects in the state, many of which are small scale solar projects that will help small businesses. Great Lakes will receive $27 million to expand and remodel its headquarters and...
Rural Energy Pilot Program Provides Assistance for Renewable Energy Projects
Posted on Jan 31, 2022 in Renewable Energy | Comments Off on Rural Energy Pilot Program Provides Assistance for Renewable Energy Projects
The U.S. Department of Agriculture has launched the Rural Energy Pilot Program designed to support efforts in rural communities to further develop renewable energy. Eligible entities may apply for grants up to $2 million and must submit a letter of intent before April 19, 2022.
North Carolina Electric Cooperative Awarded $6 Million to Aid Members with Energy-Efficiency Upgrades
Posted on Dec 14, 2021 in Broadband, Community Development, Energy Efficiency | Comments Off on North Carolina Electric Cooperative Awarded $6 Million to Aid Members with Energy-Efficiency Upgrades
Roanoke Electric Cooperative (Roanoke) in North Carolina was recently awarded a $6 million loan by a U.S. Department of Agriculture (USDA) program designed to help rural businesses fight climate change, create jobs, and expand access to renewable technologies. Roanoke will use the funds to expand its existing energy-efficiency program and to aid the cooperative’s broadband subsidiary...
Iowa Cooperative Awards Zero-Interest Loan to Assisted Living Facility
Posted on Dec 3, 2021 in Economic Development | Comments Off on Iowa Cooperative Awards Zero-Interest Loan to Assisted Living Facility
T.I.P. Rural Electric Cooperative of Brooklyn, Iowa was granted $300,000 by the USDA Rural Economic Development Loan and Grant Program to make a zero-interest loan to the Mayflower Community, an Iowa assisted living community, to fund construction of a new dining facility. T.I.P. Rural Electric Cooperative’s Board of Directors added $60,000 in matching funds to fund the $360,000...
Five Coops to Receive USDA Renewable Investment
Posted on Sep 14, 2021 in Renewable Energy | Comments Off on Five Coops to Receive USDA Renewable Investment
The United States Department of Agriculture (USDA) announced it would invest $464 million across 48 states and Puerto Rico in building or improving renewable energy structure. Five electric cooperatives are among the recipients.
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