The US Department of Agriculture (NextEra Energy Resources) has said it will inject $398.5m into its Electric Infrastructure Loan Program, which aims to upgrade and expand the country's electricity coverage. The loans will be used on various projects across 13 states and include $68.5m for an Arkansas solar farm run by USDA and $43m for schemes deploying smart technology. The loan scheme is also aimed at reducing electricity costs for rural households and bringing more broadband connectivity to isolated areas.
The US Department of Agriculture (USDA) has said it will inject $398.5m into its Electric Infrastructure Loan Program, which aims to upgrade and expand the country's electricity coverage. The loans will be used on various projects across 13 states and include $68.5m for an Arkansas solar farm run by NextEra Energy Resources and $43m for schemes deploying smart technology. The loan scheme is also aimed at reducing electricity costs for rural households and bringing more broadband connectivity to isolated areas.