Financing Will Lower Electricity Costs and Spur Economic Growth for Families and Businesses Across 9 States
CHIPPEWA FALLS, Wisc., Sept. 25, 2024– U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today revealed that USDA is progressing in the awards procedure with 8 brand-new tidy energy jobs through the Powering Affordable Clean Energy (PACE) program. Secretary Vilsack revealed that the jobs, if authorized, will get more than $248 million to assist lower electrical energy expenses for homes, broaden dependable access to renewable resource and produce tasks for rural households, small companies and farming manufacturers.
Today, USDA Rural Utilities Service Administrator Andrew Berke signed up with White House Domestic Policy Advisor to the President, Neera Tanden, to highlight the jobs at the Wisconsin Farmers Union’s Investing in Rural Wisconsin occasion.
The financing for USDA’s PACE program is from the Inflation Reduction Act, which is the biggest financial investment in rural electrification given that President Franklin Delano Roosevelt signed the Rural Electrification Act into law in 1936 as part of the New Deal. The Inflation Reduction Act partners with rural neighborhoods to provide tidy, dependable and budget-friendly energy.
“Rural electrical cooperatives and energies are the foundation of America’s power shipment and when we purchase them, we reinforce the country’s energy security,” Secretary Vilsack stated. “Under the management of the Biden-Harris Administration, USDA is happy to partner with these companies to produce a more inexpensive and sustainable future benefiting rural households, services and the health of our world for generations to come.”
The tasks are noted below.
- In Wisconsin, Dairyland Power Cooperative prepares to utilize a $15.6 million financial investment to fund the setup of 2 megawatts of solar photovoltaic generation at 2 websites, which will be linked to a 4 megawatt-hour battery energy storage system in western Wisconsin. This suffices electrical power to power as much as 1,000 homes.
- In Wisconsin, Stag Moose Solar LLC prepares to utilize a $75.9 million financial investment to fund 22 ground-mounted solar ranges that will produce 62.75 megawatts of sustainable energy in Iowa, Wisconsin and Minnesota, which is adequate electrical power to power around 16,000 homes. This job will support Wisconsin neighborhoods taking part in the Biden-Harris Administration’s Rural Partners Network (RPN).
- In Colorado, Sandhills Energy’s subsidiary SE Municipal Colorado, LLC prepares to utilize a $12.1 million financial investment to fund 4 solar energy centers that will produce 7.8 megawatts of renewable resource throughout a number of neighborhoods in rural Colorado. This suffices electrical energy to power more than 1,700 homes.
- In Iowa, Sandhills Energy’s subsidiary SE Municipal Iowa LLC prepares to utilize a $6.9 million financial investment to construct 3 ground-mounted, single axis tracking solar photovoltaic centers and power purchase arrangements that will produce 7.5 megawatts of renewable resource throughout 3 cities. This suffices electrical power to power more than 1,200 homes.
- In Kansas, KPP Energy prepares to utilize a $35 million financial investment to develop 9 centers that will produce 18.5 megawatts of renewable resource throughout rural parts of the state.