US Treasury cuts 1603 programme grants

The Treasury Department has reduced cash grants by 8.7% to developers of renewable energy projects under its 1603 programme as part of federal spending cutbacks mandated by Congress.

President Barack Obama with Treasury Secretary Jacob "Jack" Lew.
President Barack Obama with Treasury Secretary Jacob "Jack" Lew.
Published 6 March 2013, 20:03Updated 26 September 2016, 14:34