US EditionTrump is canceling $30B in Biden-era green loans
The U.S. Department of Energy is canceling $30 billion and revising $53 billion in loans to shift funding from wind and solar to nuclear, natural gas, and critical minerals, officials said.
- On Jan. 22, 2026, the U.S. Department of Energy said it is canceling nearly $30 billion in Biden-era loans and revising about $53 billion, naming the Office of Energy Dominance Financing as the source.
- After reviewing $104 billion in Biden-era loans, the department said changes followed and Energy Secretary Chris Wright said many loans were "rushed out the door" in the prior administration's final months.
- The department said it removed $9.5 billion in financing for wind and solar projects, including a $2.9 billion partial loan to Sunnova Energy and a $4.9 billion loan guarantee for the Grain Belt Express transmission line.
- Moving forward, the Office of Energy Dominance Financing plans to prioritize nuclear, fossil fuels, critical minerals, geothermal, grid, and manufacturing projects using an available loan authority of more than $289 billion and has announced new loans totaling $4.1 billion, including support for Three Mile Island.
- Legal and congressional responses include grant awardees contesting cancellations in court and Congress adding appropriations bill language limiting termination of federal awards.
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The Trump Administration cancelled US$30 billion of green energy loans. In addition, the Energy Domain Financing Office (EDF) of the Department of Energy said it is reviewing other loans for US$53 billion, which had been granted during Joe Biden’s management. Read more
Trump cancels $30B of Biden’s ‘green energy’ loans, revises another $53B
The Trump administration is canceling $30 billion in green loans and revising another $53 billion, it said Wednesday night. The administration said the changes or eliminations from the $83 billion in total funding come after its review of $104 billion in loan obligations issued by the Biden administration. While some cancellations have been already announced...
Energy Department Announces Cancellation of $30 Billion in Biden-Era Loans
The Trump administration on Jan. 22 said it’s in the process of canceling nearly $30 billion in green energy loans and revising another $53 billion in loans that were provided under the previous presidential administration. The Department of Energy said changes are needed after it reviewed $104 billion in loans that were issued under the Biden administration. “Over the past year, the Energy Department individually reviewed our entire loan portfo…
Trump is canceling $30B in Biden-era green loans
The Trump administration is canceling $30 billion in green loans and revising another $53 billion, it said Wednesday night. The administration said the changes or eliminations from the $83 billion in total funding come after its review of $104 billion in loan obligations issued by the Biden administration. While some cancellations have been already announced…
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