DTE Electric renewable generation and storage — solar, wind, battery installations across Michigan
DOE LPO conditional commitment for renewable generation and battery storage. Projects expected online by end of decade. Part of utility EIR program wave.
$7.17B
Deal Value
3,000MW
Capacity
Solar + Storage
Technology
MI
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- DTE Electric Company
- Buyer / Financier
- US Department of Energy
- Deal Value
- $7.17B
- Stage
- Development
- ISO/RTO
- MISO
- Source
- US Department of Energy
Capital Structure
$7.17B
Total transaction value
Tranches
- Loan Guarantee · US Department of Energy — Loan Programs Office
- $7.17B
Finance Counterparties
Lenders & Capital Providers
- Project Debt
- US Department of Energy
Related Deals
Olive Creek 2 expansion — methane pyrolysis clean hydrogen + carbon black production, Hallam NE
Monolith Materials → US Department of Energy Loan Programs Office (Title XVII)
$1.04B conditional
Project Hestia (residential solar loan expansion)
Sunnova Energy International → US Department of Energy (LPO)
$3B
Thacker Pass lithium processing plant (largest US lithium reserve, Nevada)
Lithium Nevada Corp. → US Department of Energy (LPO)
$2.26B
Consumers Energy grid modernization — solar, wind, battery storage, and virtual power plants across Michigan
Consumers Energy → US Department of Energy
$5.23B
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
8 × 74.5 MW = 596 MW solar plants across Florida; 2.5M panels
Florida Power & Light (FPL) → FPL ratepayers
596 MW
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.