Tri-State Generation and Transmission Association secures $2.5B in federal loans and grants to retire coal plants and acquire new renewable energy resources
Type: Financing · Technology: Solar, Onshore Wind, Storage, Transmission, Other · Country: United States · Value: $2.5B · Announced: 2024-10-29
Tri-State Generation and Transmission Association won $2.5 billion in federal loans and grants from the USDA New ERA/Empowering Rural America program to retire existing coal plants and acquire 1,280 MW of solar, wind and wind/storage hybrid plus 100 MW of standalone storage across Colorado, Wyoming, New Mexico and Arizona.
Counterparties
- United States Department of Agriculture (Lender)
- Tri-State Generation and Transmission Association (Borrower)
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