Utility Dive•2 days ago
Trump administration unlawfully cut clean energy grants, court rules
Key Takeaway
This court ruling potentially unlocks $7.5 billion in previously canceled clean energy grants, creating new financing opportunities and reinforcing the stability of federal funding commitments for developers and IPPs.
AI Summary
- •A court has ruled that the Trump administration unlawfully canceled $7.5 billion in clean energy financial awards from the U.S. Department of Energy.
- •The decision is a victory for St. Paul, Minnesota, and a coalition of energy and environmental groups that initiated the lawsuit.
- •This ruling potentially reinstates significant federal funding, creating new financing opportunities for clean energy developers and IPPs.
- •It sets a precedent for the legal enforceability of government grant commitments, enhancing policy stability for future clean energy investments.
Topics
financingpolicy