The Obama administration recently announced project loan guarantees for major solar and nuclear energy projects.
The administration has offered $8.3 billion in federal loan guarantees to help build the nation’s first commercial nuclear reactors in nearly three decades. Obama said “to meet our growing needs and prevent the worst consequences of climate change, we need to increase our supply of nuclear power and today’s announcement helps to move us down that path”.
In addition, the administration has given preliminary approval for a $1.4 billion in federal loan guarantees to help build the world’s largest solar power complex in