The Trump administration is canceling the $ $ 5 billion loan guarantee for a power line that will connect wind and solar energy from the grid, marking the latest in a string of renewable energy attacks by the administration.
The Biden administration offered a loan guarantee of up to $ 4.9 billion for the first Grain Belt Express Phase 1 project, which is a large -scale electric transmission project in Kansas and Missouri.
The Department of Energy said in a written statement, “After a thorough review of the project’s financials, the DOE found that the conditions required to issue the guarantee are unlikely to meet and the federal government is not important to play a role in supporting the project.”
“To ensure the more responsible leadership of taxpayer resources, DOE has abolished its conditional commitment,” he said.
Grain Belt Express indicated in a statement that it would continue with its efforts to create a large -scale power line, which would spread at a distance of 800 miles and add 5,000 MW power capacity, or enough to power 500 million LED lightballbes,
The statement said, “America is the energy prominent and AI is powerhouse, and the Grain Belt Express will be America’s largest power pipeline.”
“When we are disappointed about the LPO loan guarantee, a privately financed grain belt express transmission will push the agenda of President Trump of President Trump, a privately financed grain -based transmission superstition cost savings, strengthening grid credibility and flexibility and strengthening thousands of American jobs and building thousands of American jobs.”
The step of the Energy Department comes after repeated redeeming against Powerline after Sen Josh Hale (R-Mo). He took credit for cancellation of the loan, said with his office that the cancellation came after his request.
“Grain Belt Express Bondogal loan has been canceled,”He said in a post on X,
However, Democrats criticized the Senate Energy and Natural Resource Committee to cancel at A. Post on X,
“Grain Belt Express Transmission Line will increase grid reliability and reduce power prices for American families. This is the same kind of project experts say we need to meet the growing demand. Hale, Trump and Trump and Trump, and [Energy Secretary] Chris Wright simply killed it with zero justification, ”the committee’s Democrats said, who are led by Sen Martin Heinrich (NM).
Biden administration in its last weeks in officeMany loans were carried forwardFor climate -friendly energy projects. The Trump administration says it is now reviewing $ 85 billion in closed loans and conditional commitments made by the office of the Energy Department’s loan programs between the election and inauguration of President Trump.
The Trump administration is also demanding more widely to remove the country from solar and wind, climate -friendly energy sources, which they argue that they are not sufficiently reliable.
Trump’s “Big, Beautiful Bill” Slash incentives For solar and air. Separately, his internal department has recently given a memorandum Hope to make it more difficult To pursue and approval air and solar projects.
