The Trump administration clean energy loans canceled decision targets Biden-era funding programs. The Energy Department announced the move on Friday.
Energy Secretary Chris Wright said officials reviewed the entire loan portfolio. The review aimed to protect taxpayer dollars.
Trump Administration Clean Energy Loans Canceled After Review
Officials said the department examined investments from the Biden administration. Wright said many funds were rushed out in the final months.
The Office of Energy Dominance Financing conducted the review. The office replaced Biden’s former Loan Programs Office.
Funding Changes After Trump Administration Clean Energy Loans Canceled
The department canceled about $9.5 billion in wind and solar loans. Officials said those funds will support other energy projects.
The new investments include natural gas expansion and small modular nuclear reactors. They also include upgrades to aging power plants.
Policy Shift After Trump Administration Clean Energy Loans Canceled
Wright said the change supports affordable and reliable American energy. He said the decision protects taxpayer dollars.
The review followed internal restructuring at the Energy Department. Officials also examined programs created under earlier legislation.
Ongoing Review After Trump Administration Clean Energy Loans Canceled
Officials said some programs lacked proper oversight. They also reported conflicts of interest in several approvals.
Since May 2025, the department rescinded or suspended more than 340 clean energy awards. Those awards were worth more than $11 billion.
Energy Priorities After Trump Administration Clean Energy Loans Canceled
The Industrial Demonstration Program also lost many approved awards. Officials canceled 18 of its 36 projects, totaling nearly $3 billion.
The Energy Department now prioritizes nuclear power and natural gas infrastructure. Officials say the review of energy funding will continue.
