US Department of Energy closes loan for Duane Arnold restart

[Marlin]

US Department of Energy closes loan for Duane Arnold restart

https://world-nuclear-news.org/articles/us-department-of-energy-closes-loan-for-duane-arnold-restart

[Core Content]

Duane Arnold pictured before its closure in 2020 (Image: NextEra Energy)

The Department of Energy finalized a 1.9 billion dollar loan to NextEra Energy to support the restart of the Duane Arnold Energy Center in Iowa. The project aims to return 615 MWe of capacity to the grid by 2029 to meet rising electricity demand. NextEra Energy is currently conducting engineering evaluations and regulatory reviews to bring the single-unit boiling water reactor back into service.

The US Department of Energy's Office of Energy Dominance Financing has closed a loan of up to USD1.9 billion to NextEra Energy to help finance the restart of the Duane Arnold Energy Center, taking the company closer to bringing Iowa's only nuclear power plant back into operation. ;

Duane Arnold, a single-unit boiling water reactor plant owned and operated by NextEra Energy in Linn County, Iowa, was closed down in 2020. Last October, the company announced plans to restart the shuttered plant by early 2029, pending regulatory approvals, underpinned by a 25-year power purchase agreement with Google. The Department of Energy loan will help NextEra Energy return Duane Arnold to service, advancing one of the most significant nuclear restart efforts under way in the US, the...

Read the full article at World Nuclear News:
https://world-nuclear-news.org/articles/us-department-of-energy-closes-loan-for-duane-arnold-restart