FinancingClosedSeptember 30, 2024

Palisades Nuclear Plant restart — 800 MW nuclear generating station, Covert Township, Michigan

Financial close on first EIR loan guarantee. First nuclear plant recommissioning in US history. $491M disbursed across 6 advances through early 2026. Expected to avoid 4.47M tonnes CO2/year, support 600 jobs.

$1.52B

Deal Value

800MW

Capacity

Other

Technology

MI

Location

Deal Details

Deal Type
DOE Loan
Seller / Sponsor
Holtec Palisades LLC
Buyer / Financier
DOE Loan Programs Office
Deal Value
$1.52B
Stage
Restart/Recommissioning
ISO/RTO
MISO

Finance Counterparties

Lenders & Capital Providers

lender
DOE LPO (EIR Program)

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