DOE closes up to USD 1.9 billion loan for NextEra Duane Arnold nuclear plant restart
NEE•NextEra reaches financial close on DOE loan for Duane Arnold restart
- NextEra Energy reached financial close with the DOE on a loan of up to USD 1.9 billion to restart Duane Arnold.
- Duane Arnold is a 615-megawatt nuclear plant in Iowa that shut in 2020; restart is targeted by Q1 2029.
- The project advances one of the largest US nuclear restart efforts, aimed at adding 24/7 capacity to support grid reliability.
- A study cited by NextEra estimates more than USD 9 billion in Iowa economic benefits over 25 years, with about USD 75 million tax revenue.
