The U.S. Energy Department has announced that it will issue a plan to offer loan aid for renewable energy projects. The department issued a plan last year to offer up to $8 billion in loan assistance for fossil fuel projects that reduce greenhouse gas emissions. The Energy Secretary, Ernest Moniz however, did not specify how much loan aid will be offered or the type of projects that the department will fund.
"We want to fund some of the first movers that push the technology out there and then have the private sector expand it," Ernest Moniz said. Read more here.