Biden administration allocates $20 billion for clean energy projects targeting disadvantaged communities

The Biden administration is making $20 billion available from a federal "green bank" fund for clean energy projects.
The money will be split between two programs - a $14 billion fund for national financing institutions and a $6 billion fund for local community organizations.
The focus will be on supporting projects in low-income, disadvantaged, rural, and tribal communities.
The funding aims to advance climate action, transform the economy, and increase access to clean energy technology.
Applications are due in October, with project selections expected by March 2024.