USDA announced Wednesday that 639 individuals and businesses in 43 states and the Virgin Islands have been selected to receive $35 million in grants and loan guarantees for renewable energy systems or to improve energy efficiency in farm and business operations. USDA Undersecretary for Rural Development Tom Dorr announced the funding at the 2008 Farm Progress Show in Iowa on Wednesday.
The program provides financial assistance to agricultural producers and rural small businesses to support renewable energy projects across a wide range of technologies encompassing biomass (including anaerobic digesters), geothermal, hydrogen, solar and wind energy. It also provides support for energy efficiency improvements, helping recipients reduce energy consumption and improve operations. Of the $35 million announced, $27.5 million are grants and $7.4 million are guaranteed loans.
You can listen to Sec. Dorr’s press conference here: [audio:http://www.zimmcomm.biz/farm-progress/fp-08-dorr.mp3]