De Dept. Whether Energy (Doe) has announced that the LOAN Programs Office (LPO) has terminated its conditional obligation for the Grain Belt Express Phase 1 project, a high-voltage DC transmission line intended to connect wind and solar capacity in Kansas and Missouri. The conditional obligation, which would have provided a loan guarantee of a maximum of $ 4.9 billion dollars, was issued in November 2024 by the BIDEN administration.
Doe said that it has determined the conditions that are needed to publish the guarantee, is unlikely and that it is not crucial for the federal government to play a role in supporting this project.
The Department said that it carries out an evaluation of each LPO applicant and borrower to “position LPO to continue with a lower risk tolerance in credit practices and a uncompromising focus on expanding access to affordable, reliable and safe energy for the American people.”
News item from Doe
