U.S. Department of Energy’s Loan Programs Office secures conditional $1.52B loan guarantee for Holtec Palisades LLC to finance Palisades Power Plant restoration
Type: Financing · Technology: Nuclear · Country: United States · Capacity: 800 MW · Value: $1.52B · Announced: 2024-03-27
The U.S. Department of Energy’s Loan Programs Office announced a conditional commitment of up to $1.52 billion in loan guarantees to Holtec Palisades LLC to finance the restoration and resumption of the 800 MW Palisades nuclear generating station in Covert Township, Michigan, targeting commercial operation by the end of 2025.
Counterparties
- Holtec Palisades LLC (Borrower)
- U.S. Department of Energy Loan Programs Office (Lender)
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