Grain Belt Express — 2,500 MW HVDC transmission line connecting Midwest grids
Massive HVDC transmission line conditional commitment to connect multiple regional grids and deliver clean energy across Midwest. One of largest DOE LPO conditional commitments ever. Will strengthen grid resilience and enable renewable energy integration.
$4.90B
Deal Value
2,500MW
Capacity
Other
Technology
IL, IN, KS, MO
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Grain Belt Express
- Buyer / Financier
- US Department of Energy
- Deal Value
- $4.9B
- Stage
- Development
- ISO/RTO
- MISO, PJM, SPP
- Source
- US Department of Energy
Capital Structure
$4.90B
Total transaction value
Tranches
- Loan Guarantee Principal · US Department of Energy (Title 17 Clean Energy Financing Program)
- $4.40B
- Capitalized Interest · US Department of Energy
- $470M
Finance Counterparties
Lenders & Capital Providers
- Project Debt
- US Department of Energy
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Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
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