The Trump administration has canceled nearly $30 billion in Biden-era clean energy loans and is reviewing another $53 billion as part of a sweeping audit of the Department of Energy’s loan portfolio, Energy Secretary Chris Wright announced Friday.

The decision marks one of the most significant rollbacks yet of President Biden’s green energy agenda and underscores the Trump administration’s effort to redirect federal funding toward what it calls “affordable, reliable, and secure American energy.”

“Over the past year, the Energy Department individually reviewed our entire loan portfolio to ensure the responsible investment of taxpayer dollars,” Wright said in a statement. “We found more dollars were rushed out the door of the Loan Programs Office in the final months of the Biden administration than had been disbursed in over fifteen years.”

The Energy Department’s Office of Energy Dominance Financing (EDF) — a restructured version of Biden’s Loan Programs Office — said the funds were part of the “Green New Scam loans” that were hastily approved without sufficient oversight.

According to the department, roughly $9.5 billion in loans for wind and solar projects were eliminated outright and will be replaced by investments in natural gas expansion, small modular nuclear reactors, and upgrades to aging power plants. Wright said those changes will make energy “more affordable and less dependent on foreign supply chains.”

“President Trump promised to protect taxpayer dollars and expand America’s supply of affordable, reliable, and secure energy,” Wright said. “Today’s cancellations deliver on that commitment.”