Utility Dive•27 days ago
DOE nixes $1.8B loan to Arizona Public Service for transmission, renewables and storage
- •The Department of Energy (DOE) has de-obligated a $1.8 billion loan to Arizona Public Service (APS) intended for transmission, renewable energy, and storage projects.
- •This action introduces significant uncertainty regarding the financing and timeline for major grid infrastructure and clean energy developments in Arizona.
- •The DOE's statement about "additional de-obligations in process" suggests a broader federal re-evaluation of loan commitments, potentially impacting other developers and large projects nationwide.
transmission