ANNOUNCEMENT 18 Mar 2021

On 18 March 2021, the US government granted a loan guarantee to Upper Piedmont Renewables, Llc as part of the program Rural Energy for America Program.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award page. Rural Energy for America Program. Upper Piedmont Renewables, Llc.
https://www.usaspending.gov/award/ASST_NON_GLSX0002502794_12E4

USDA Rural Development, "Rural Energy for America Program Renewable Energy Systems & Energy Efficiency Improvement Guaranteed Loans & Grants" (retrieved on 15/07/2021). Available at: https://www.rd.usda.gov/programs-services/rural-energy-america-program-renewable-energy-systems-energy-efficiency

Inception date: 18 Mar 2021 | Removal date: open ended

Loan guarantee

On 18 March 2021, the Department of Agriculture approved a loan guarantee worth USD 25 million to Upper Piedmont Renewables, Llc. The support was granted through the Rural Energy for America Program programme.

The Rural Energy for America Program provides guaranteed loan financing and grant funding to the agricultural producers for renewable energy systems or to make energy efficiency improvements. To benefit, at least 50 percent of their gross income must come from agricultural operations and small businesses in eligible rural areas. Agricultural producers may also apply for new energy efficient equipment and new system loans for agricultural production and processing.The program provides grants of up to 25% of project costs and/or loan guarantees of up to 75% of project costs to purchase and install energy efficiency improvements and renewable energy systems. The program is run by USDA Rural Development.

AFFECTED SECTORS

 

AFFECTED PRODUCTS