Date: 12/13/2024
Type: Implementation of IRA
On December 13, 2024, DOE’s loan programs office announced that it has made a conditional commitment to providing a loan guarantee of up to $2.5 billion to Wisconsin Electric Power Company (WEPCO) for projects to increase renewable energy generating and energy storage capacity in Wisconsin. Projects financed include utility-scale wind, solar, energy storage, and hydropower totaling more than 1,650 MW of renewable power generation and energy storage. The loan guarantee is being made through the Energy Infrastructure Reinvestment (EIR) program.
EIR was created by IRA section 50144 to repurpose energy facilities in the United States that have ceased operations for clean energy production.