US says it will cut costs for clean energy projects on public lands

The Department of Interior said that the rents and fees for solar and wind projects would fall by about 50%.

The Biden administration on Tuesday said it would substantially reduce the cost of building wind and solar energy projects on federal lands to help spur renewable energy development and address climate change.

The new policy comes after years of lobbying from clean power developers who argued that lease rates and fees for facilities on federal lands were too high to draw investment.

In a statement, the Department of Interior said rents and fees for solar and wind projects would fall by about 50%.

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Source: Reuters

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