Article

The Trump administration has canceled nearly $30 billion in loans from the Energy Department's green bank, initiated under the Biden administration, and plans to revise an additional $53 billion in funding. The changes will redirect approximately $9.5 billion from wind and solar projects to support natural gas and nuclear initiatives. Notable cancellations include significant loan guarantees for Sunnova Energy and the Grain Belt Express transmission line, as the administration focuses on utilizing remaining loan authority for nuclear, geothermal, and critical minerals projects.