US government to provide US$27 billion funding for green energy and solar projects

Facebook
Twitter
LinkedIn
Reddit
Email
EPA expects to release the notice of funding opportunities in early summer 2023.Image: Unsplash

The US government has announced plans to enable states and non-profit entities to apply for US$27 billion in funding, financing projects that can help combat climate change.

The Greenhouse Gas Reduction Fund (GGRF) programme is created by the US government’s Inflation Reduction Act. The fund is divided into two parts, with the first one, General and Low-Income Assistance Competition, worth nearly US$20 billion.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In this part, non-profit entities can collaborate with community financing institutions, such as green banks, community development financial institutions, credit unions and housing finance agencies, to use both public dollars and private capital to invest in projects that can reduce pollution and lower energy costs for families, particularly those in the low-income and disadvantaged communities.

Up to 15 non-profit groups will be awarded in this competition.

The remaining part is the US$7 billion Zero-Emissions Technology Fund Competition. In this part, Environmental Protection Agency (EPA) will award competitive grants to states and non-profit entities to help deploy residential rooftop solar, community solar and associated storage and upgrades in low-income and disadvantaged communities.

EPA aims to enable all families to benefit from clean yet affordable energy options and expects that up to 60 grants will be awarded under this competition.

“When people across the country are struggling to make ends meet while dealing with the increasingly severe impacts of climate change, it makes a great deal of sense to help households put solar on their roofs so they can create their own electricity, cut carbon pollution, and help create millions of good jobs,” said Bernie Sanders, US senator from Vermont.

EPA expects to release the notice of funding opportunities for these competitions in early summer 2023.

Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), commented, “The details revealed today will go a long way to quickly and equitably decarbonising our grid, unlocking critical new investments in communities that we should be empowering to benefit from the historic Inflation Reduction Act.”

She added, “This programme will fund the organizations best positioned to help low-income and disadvantaged communities get access to solar energy through grants and other financial assistance, including specifically for distributed solar and storage technologies.”

27 June 2024
9am BST
FREE WEBINAR -This special webinar will take a deep dive into the latest PV ModuleTech Bankability Ratings pyramid, capturing the relative bankability status of the top 70-80 PV module suppliers globally. In addition to revealing the latest ranking of global PV module suppliers, PV Tech’s Head of Research, Finlay Colville, will show the depth of analysis and commentary included within the report for module suppliers. A key output from the webinar will be to learn which PV module suppliers have moved up the rankings pyramid in recent years and why this growth has been achieved. Conversely, some of the companies that have fallen down the rankings will be discussed, in particular those suffering from market-share losses and financial problems.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

June 25, 2024
The New York Public Service Commission (PSC) has approved solicitations for onshore renewable energy projects and large-scale energy storage, to guide the state to its 2030 energy storage policy target.
June 25, 2024
Swiss-owned solar manufacturer Meyer Burger has started production at its heterojunction (HJT) module assembly plant in Goodyear, Arizona.
June 24, 2024
Solar frame producer Origami Solar has signed three deals with US steel manufacturers to produce its steel module frames in a move which it said “finalised a fully American supply chain.”
June 24, 2024
The US has yet again been named the most attractive market for renewables investment and deployment opportunities, according to EY.
June 21, 2024
Solar PV is expected to generate 20% of global power across midday peaks on the summer solstice in the northern hemisphere, up from 16% in 2023.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Upcoming Webinars
July 10, 2024
9am (BST) / 10am (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland