CleanTechnica•about 2 months ago
Energy Department Loans Money For Georgia Power’s Gas Fleet
- •The Department of Energy (DOE) is providing a $26.5 billion loan to Southern Company for its subsidiary, Georgia Power, to build the nation's largest new gas fleet.
- •The project includes a 'massive amount of new gas-burning infrastructure,' specifically mentioning new combined cycle turbines.
- •This significant federal financing signals a long-term commitment to dispatchable natural gas generation, impacting future capacity, grid stability, and potentially energy prices in the region for developers and large loads.
ccgtemissionsfinancing