Alliant Energy secures $5.1 billion DOE loan package

Alliant Energy has announced that it closed on a $5.1 billion lower-interest loan package from the U.S. Department of Energy to support grid resiliency, reliability, and generation and storage projects in Iowa and Wisconsin.

• The 30-year loans could generate up to $1.2 billion in cumulative customer savings and support more than 1,600 local jobs during construction.
• Planned uses include 1.6 GW of new natural gas generation, 240 MW of added capacity at existing natural gas facilities, 1 GW of energy storage, and 2 BCF of liquefied natural gas storage; projects remain subject to regulatory process, qualification, and financing terms.