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5 clean energy projects approved; over half of funding going to Project Tundra

The state Industrial Commission approved funding for five projects through the Clean Sustainable Energy Authority on Friday, doling out $222.5 million in loans and $8.5 million in grants.

More than half the money is going to Minnkota Power Cooperative’s Project Tundra through a loan of $150 million to help finance the country’s largest carbon dioxide storage project. The state previously provided the project a loan of $100 million.

Project Tundra would store up to 4 million metric tons of climate-warming CO2 emissions per year permanently underground in the Broom Creek Formation from the Milton R. Young coal-fired power plant in Oliver County, south of Center.

Read more at Bismarck Tribune.


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