Pennsylvania Commonwealth Financing Authority has approved funding to support seven new Alternative and Clean Energy (ACE) projects with the investment of more than $8.12 million in grants and $1.74 million in loans, announced by Governor Wolf.

"The projects approved on May 14 by the Commonwealth Financing Authority will help to improve the environment and safeguard the state's future," Governor Wolf said. "Investing in alternative and clean energy technologies helps to reinvigorate Pennsylvania's path to success as an energy leader."

The Commonwealth Financing Authority (CFA) approved three Alternative Energy Production projects, two High Performance Building projects and two Compressed Natural Gas projects through the state's Alternative and Clean Energy (ACE) program.

The CFA investments in Allegheny, Centre, Dauphin, Lancaster, Lycoming, Philadelphia and Wyoming counties are projected to result in nearly $93 million in additional economic investments.

The ACE Program provides financial assistance in the form of grants and loan funds used by eligible applicants for the utilization, development and construction of alternative and clean energy projects in Pennsylvania.