US funding to help 821 farms save energy

Funding to help 821 rural businesses and farms in the US reduce energy usage has been announced today. The US Department of Agriculture (USDA) is to provide $43.2 million (£32.9m) […]

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By Jonny Bairstow

Funding to help 821 rural businesses and farms in the US reduce energy usage has been announced today.

The US Department of Agriculture (USDA) is to provide $43.2 million (£32.9m) in loan guarantees and $11.6 million (£8.8m) in grants through the Rural Energy for America Program (REAP).

REAP has provided more than $854 (£648.5m) in financing around 11,000 renewable energy and energy efficiency projects.

When operational, these projects will generate around nine million MWh of power, the equivalent of removing more than 1.1 million cars from the road.

Agriculture Secretary Tom Vilsacksaid: “Since 2009, REAP has helped roughly 15,000 small businesses and farms save enough energy to power about 730,000 homes and reduce greenhouse gas emissions by more than five million metric tons annually.

“These investments in clean energy are good for the environment, are good for each business’s bottom line and they support the broader rural economy by encouraging the production of renewable energy sources.”