NEW YORK – The US government on Thursday announced it has approved a $2.9bn loan for two new wind turbines to be built at two power plants near Los Angeles.
The new wind power plants will be the first of a planned $1.2bn investment in the US to address climate change, the US Energy Information Administration (EIA) said in a statement.
The first of the two wind farms will be at a power plant in the county of Los Angeles, the EIA said.
The EIA has been working for more than a decade to develop a plan for developing clean, renewable energy, but has been struggling to get the money to meet the costs of building and operating the plants.
The proposed projects are part of a $1tn investment in wind power and other renewable energy projects across the country in an effort to help the US transition to a low-carbon economy.
The federal government has set aside $4.2tn for renewable energy investments in the coming decade, with the money mainly aimed at building more than 1 gigawatt of new wind and solar capacity.
It is the largest stimulus package in US history.
But the federal government is facing criticism over the impact on climate change and its commitment to the Paris Agreement, which aims to limit global warming to 2C (3.6F) above pre-industrial levels.
President Donald Trump last month pulled the US out of the pact and announced he was seeking a temporary withdrawal from it.