Biden offers $450 million for clean energy projects at coal mines
President Joe Biden's administration is making USD 450 million available for solar farms and other clean energy projects across the country at the site of current or former coal mines, part of his ongoing efforts to combat climate change.
As many as five projects nationwide will be funded through the 2021 infrastructure law, with at least two projects set aside for solar farms, the White House said on Tuesday.
The White House also said it will allow developers of clean energy projects to take advantage of billions of dollars in new bonuses being offered in addition to investment and production tax credits available through the 2022 Inflation Reduction Act.
The bonuses will "incentivize more clean energy investment in energy communities, particularly coal communities,'' that have been hurt by a decade-plus decline in US coal production, the White House said.
The actions are among steps the Biden administration is taking as the Democratic president moves to convert the US economy to