Alaska's law to achieve 2025 green energy goal

Alaska passed a law that will make it easier to achieve its goal of 50% renewable energy by 2025, by making low interest loans available to projects.

The Alaska Sustainable Strategy for Energy Transmission and Supply bill (SB 25), signed this week by Gov. Sean Parnell, creates a $125 million state-administered fund to finance energy projects.

The Alaska Industrial Development and Export Authority will administer the fund, and will be able to either directly give loans or participate in loans made through banks or credit unions.