USDA announced more than $7.3 billion in financing for rural electric cooperatives to build clean energy for rural communities across the country through the Empowering Rural America (New ERA) program. Collectively, the 16 selections announced today – funded by President Biden’s Investing in America agenda – will leverage private investments of more than $29 billion to build more than 10 gigawatts of clean energy for rural communities across the country. The selectees announced today will reduce and avoid at least 43.7 million tons of greenhouse gases annually, equivalent to removing more than 10 million cars off the road every year.