US EditionTrump Administration Canceled a $4.9B Loan Guarantee for a Line to Deliver Green Power
MIDWEST UNITED STATES, JUL 23 – The Department of Energy cited financial concerns and political opposition in Missouri for canceling the $4.9 billion loan, jeopardizing a project that promised 4,000 jobs and $52 billion in savings.
- The Department of Energy canceled a nearly $5 billion loan guarantee for the Grain Belt Express project, which aimed to connect wind power from Kansas to Illinois and Indiana, due to unmet conditions for the guarantee.
- The $11 billion project had bipartisan approval but faced significant opposition, particularly from Missouri Senator Josh Hawley, who claimed it would harm local farmers due to the use of eminent domain.
- Hawley celebrated the loan guarantee cancellation on X, stating, 'It’s done. Thank you, President Trump,' and highlighted the decision as a win for Missouri landowners.
- The Invenergy vice president criticized the opposition as 'politically motivated lawfare,' indicating that the project has been under continuous threat despite being in development for over a decade.
70 Articles
70 Articles
Major midwest transmission line Grain Belt Express loses $4.9 billion loan
The U.S. Department of Energy withdrew a $4.9 billion conditional loan for the Grain Belt Express transmission line through Kansas and Missouri. The transmission line, intended to improve electric grid reliability, faced opposition from high-profile Republican officials and local landowners along its proposed path. U.S. Sen. Josh Hawley, R-Mo., celebrated the move, calling the loan a “boondoggle” in a social media post. In a letter sent to the …
Trump Admin Cancels $4.9B Loan Guarantee For Green Power Project
The Trump administration on Wednesday cancelled a $4.9 billion federal loan guarantee for a new high-voltage transmission line for delivering solar and wind-generated electricity from the Midwest to the eastern US.
Trump Admin Yanking Funding Massive Green Energy Boondoggle In Kansas And Missouri
The Trump administration announced on Wednesday that it is canceling another multi-billion-dollar loan agreement for a massive green energy project that was pushed through during the final days of the Biden administration. The Department of Energy (DOE) terminated a $4.9 billion conditional loan commitment for the Grain Belt Express, a transmission line project that has been […] Trump Admin Yanking Funding Massive Green Energy Boondoggle In Kans…
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