loan guarantee

Energy Department Offers Conditional Commitment to Cape Wind Offshore Wind Project

The Department of Energy (DOE) took the first step toward issuing a $150 million loan guarantee to support the construction of the Cape Wind offshore wind project with a conditional commitment to Cape Wind Associates. If constructed, the project would be the first commercial-scale offshore wind facility in the U.S., with a capacity of more than 360 MW of clean energy off the coast of Cape Cod, Massachusetts.

Georgia Power, DOE Finalize Vogtle Nuclear Project Loan Guarantees

Georgia Power secured approximately $3.46 billion in loan guarantees from the U.S. Department of Energy (DOE) toward the construction of the Plant Vogtle units 3 and 4 nuclear expansion project. The project is the first U.S. nuclear project to receive funding through the DOE program. Along with Georgia Power's portion of the two 1,100-MW reactors, the remaining ownership is split among Oglethorpe Power, the Municipal Electric Authority of Georgia (MEAG Power) and Dalton Utilities.