- Associated Press - Thursday, September 18, 2014

BUNN, N.C (AP) - U.S. Agriculture Secretary Tom Vilsack says his agency is investing in 540 renewable energy and energy efficiency projects nationwide.

Vilsack made the announcement on Thursday during a visit to Progress Solar, a Bunn farm that produces solar-powered electricity. He said $55.3 million in loan guarantees and grants would go to 22 solar energy projects.

In North Carolina, USDA is awarding a $3 million loan guarantee to Broadway Solar Center, LLC to help finance a 5 megawatt solar array in Columbus County, a $4.9 million loan guarantee for a similar project in Hertford County and a $2.1 million guarantee for a project in Warren County.

In all, Vilsack announced $68 million in REAP loan guarantees and grants. Funding is contingent upon recipients meeting the terms of the loan or grant agreement.

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