U.S. Department of Energy's Loan Programs Office secures a conditional $1.52 billion loan guarantee to repower Michigan’s Palisades nuclear plant
Type: Financing · Technology: Nuclear, Other · Country: United States · Value: $1.52B · Announced: 2024-11-19
The DOE Loan Programs Office announced a conditional $1.52 billion loan guarantee to repower the Palisades nuclear plant in Michigan under the 1706 Energy Infrastructure Reinvestment program to support coal-to-nuclear and other infrastructure repowering projects.
Counterparties
- Palisades nuclear plant (target/project) (Developer)
- U.S. Department of Energy Loan Programs Office (Lender)
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