American Electric Power secures $3.26 billion DOE loan for Texas grid
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Summary
American Electric Power secures $3.26 billion DOE loan for Texas grid. The $3.26 billion loan is expected to finance roughly 100 transmission projects across Texas, including the rebuilding or reconductoring of existing transmission lines, as well as the construction of new transmission infrastructure spanning 2,800 miles. A significant number of renewables are also waiting to connect to the grid, with the analysis finding that the number of wind projects in the interconnection queue increased by 87% over the same period.
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American Electric Power secures $3.26 billion DOE loan for Texas grid.
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The $3.26 billion loan is expected to finance roughly 100 transmission projects across Texas, including the rebuilding or reconductoring of existing transmission lines, as well as the construction of new transmission infrastructure spanning 2,800 miles.
according to Washington ExaminerA significant number of renewables are also waiting to connect to the grid, with the analysis finding that the number of wind projects in the interconnection queue increased by 87% over the same period.
according to Washington Examiner
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