Seminole Electric Cooperative Identified as Finalist for Federal Funding for Large-Scale Solar and Storage
FLORIDA – President Joe Biden announced today that Seminole Electric Cooperative’s application to construct and procure a combination of utility-scale solar and battery energy storage across rural portions of Florida was chosen as a finalist in U.S. Department of Agriculture (USDA) Empowering Rural America (New ERA) program. The New ERA program, authorized through the Inflation Reduction Act, is a competitive program to provide $9.7 billion in grants and loans to rural electric cooperatives. Today’s announcement identified 16 cooperatives, including Seminole, that collectively are expected to receive $7.3 billion. USDA expects this tranche of funding to drive $29 billion in large-scale clean energy investments across the country.
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Thu, 2024-09-05 08:41