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USDA grants $2.5 billion to retire coal-fired plants and boost renewables
- 5 days ago (2024-10-31)
- David Flin
The US Department of Agriculture (USDA) has awarded nearly $2.5 billion for Tri-State Generation and Transmission Association to retire 1.1 GW of existing coal-fired power plants and acquire about 1.3 GW of new renewable energy resources across the US states of Arizona, Colorado, New Mexico, and Wyoming.
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The award plans to finance 1280 MW of solar, wind, and wind/solar hybrid projects, as well as 100 MW of energy storage projects and the retirement of 1.1 GW of coal-fired power generation capacity. These are expected to help Tri-State’s members reach 70 per cent renewable energy in 2030 and to reduce greenhouse gas emissions by 5.8 Mt/year.
USDA also plans to invest nearly $1 billion in grants and loans to leverage investments of $6.4 billion for 1.75 GW of renewable energy for rural communities across the country.
At the The US Department of Agriculture (USDA) has awarded nearly $2.5 billion for Tri-State Generation and Transmission Association to retire 1.1 GW of existing coal-fired power plants and acquire about 1.3 GW of new renewable energy resources across the US states of Arizona, Colorado, New Mexico, and Wyoming.
end of 2023, the USA had a total installed capacity of 1310 GW, of which coal had a 15 per cent share and renewables accounted for 31 per cent.