Reported 1 day ago
As President Biden's administration nears its end, the $400 billion green bank is racing to finalize billions in loans for green technology projects before the expected transition to the Trump administration, which may have plans to dismantle such initiatives. The Energy Department's Loan Programs Office has made significant commitments, including loans to Ford and Holtec, but over $40 billion in deals might be at risk. With time running out, both the department and borrowers are under pressure to complete the rigorous vetting and closing processes necessary to secure these funds.
Source: YAHOO