Obama Adds $1 Billion in Loan Guarantees for Clean Energy
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President Barack Obama will announce on Monday a $1 billion increase in loan guarantees for renewable energy projects as part of a series of steps to promote development of clean energy.
The federal government also will ease access to financing for home-energy improvements made by some low-income families and approve a transmission line for a California solar facility, according to a White House fact sheet released before the president speaks at a clean energy summit in Las Vegas.