The state of Nebraska is receiving $38 million from the USDA Rural Development agency for renewable energy and conservation, with most of the money to be used for an ethanol plant in McCook.

According to the McCook Daily Gazatte, the funding incudes a “$10 million Renewable Energy Systems Guaranteed loan and a $25 million Business and Industry Guaranteed loan to S.W. Energy, LLC.”

Additionally, $2.4 million in 9006 Renewable Energy and Energy Efficiency Improvements grants and a $300,000 Value-Added Producer grant were awarded to153 rural small businesses and agricultural producers to assist in areas of renewable energy resource development and energy efficiency improvements of existing systems.