NextEra Secures $1.9 Billion US DOE Loan For Duane Arnold Restart

Funding supports plan to return Iowa plant by 2029

NextEra Secures $1.9 Billion US DOE Loan For Duane Arnold Restart
NextEra Energy agreed to restart the Duane Arnold nuclear power station to primarily provide power to Google. Photo courtesy NextEra Energy.

US utility NextEra Energy has finalised a loan agreement with the US Department of Energy (DOE) for up to $1.9bn (€1.63bn) to support the restart of the Duane Arnold nuclear power station in Iowa, the company said.

NextEra said the loan was agreed through the DOE’s Office of Energy Dominance Financing and marks a further step towards restarting Iowa’s only nuclear power plant.

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