IRA appropriations also support the expanded activities authorized by the President’s Bipartisan Infrastructure Law (BIL) that required new appropriations to go into effect. This new loan authority is open to all currently eligible section 1703 technology categories, including fossil energy and nuclear energy. The legislation appropriates $3.6 billion in credit subsidy to support the cost of those loans and sets aside a percentage of these amounts for administrative expenses to help carry out the program, including monitoring and originating new loans. ![]() IRA provides an additional $40 billion of loan authority for projects eligible for loan guarantees under section 1703 of the Energy Policy Act of 2005, to remain available through September 30, 2026. Title 17 Clean Energy Financing Program Innovative Energy, Innovative Supply Chain, and State Energy Financing Institution Authority (Section 1703)
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