USDA PACE Program
In early 2024, Renewvia was awarded $65.7M in project debt through the USDA's Powering Affordable Clean Energy (PACE) initiative which is a one-time $1 billion solar incentive program.
More information on the program specifics from USDA can be found here.
As of Q4 2024, Renewvia has allocated about 17% of the total award totaling about 6MW in Mississippi. More details on each allocation included below.
MINIGRID DEVELOPMENT
Minigrids do not just bring reliable, clean electricity to communities for the first time, they transform lives. Suddenly, where there was no electricity or light, children study at night, businesses expand and buy new appliances, and new business ideas come to life. Simply, reliable electricity is a foundational element for a community to lift itself up and achieve economic growth.