The investments follow a $7 billion Solar for All program launched last month for residential and community solar projects in low-income communities.Īll three programs will be overseen by the green bank, formally known as the Greenhouse Gas Reduction Fund, which Congress created in last year’s climate law. Two programs, worth $14 billion and $6 billion, respectively, will offer competitive grants to nonprofits, community development banks and other groups to invest in clean energy projects, with a focus on disadvantaged communities, the White House said.
WASHINGTON (AP) - The Biden administration said Friday it is making available $20 billion from a federal “green bank” for clean energy projects such as residential heat pumps, electric vehicle charging stations and community cooling centers.
