Wolverine Power Cooperative and Hoosier Energy win $1.3 billion to support Palisades nuclear plant restart
Type: Financing · Technology: Nuclear, Solar, Other · Country: United States · Capacity: 800 MW · Value: $1.3B · Announced: 2024-09-30
The U.S. Department of Agriculture awarded Wolverine Power Cooperative and Hoosier Energy a combined $1.3 billion from the New ERA program to help fund power purchase agreements with Holtec International to restart the 800 MW Palisades nuclear plant in Michigan.
Counterparties
- U.S. Department of Energy (Lender)
- U.S. Department of Agriculture (Lender)
- Wolverine Power Cooperative (Offtaker)
- Hoosier Energy (Offtaker)
- Holtec International (Seller)
📈 The Sherpa Signal — one notable infrastructure deal a day.
📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.