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
Nuclear
Technology
MI
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Holtec Palisades LLC
- Buyer / Financier
- DOE Loan Programs Office
- Deal Value
- $1.52B
- Stage
- Restart/Recommissioning
- ISO/RTO
- MISO
- Source
- Holtec International
Capital Structure
$1.52B
Total transaction value
Tranches
- DOE Title 17 Loan Guarantee · DOE Loan Programs Office
- $1.52B
Finance Counterparties
Lenders & Capital Providers
- lender
- DOE LPO (EIR Program)
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