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Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

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Department of Energy Announces $4.2 Billion Investment to Boost Nuclear Power in Pennsylvania and Ohio

LCG, October 5, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) today announced a conditional loan commitment of up to $4.2 billion to finance nuclear uprates and modernization across Vistra’s nuclear fleet in Pennsylvania and Ohio. The projects are expected to preserve nearly 4 GW of carbon-free, baseload power and add 433 MW of new nuclear capacity that will support the growing electricity demand across the PJM region.

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Industry News

First Wind Obtains Financing for Kawailoa Wind Project in Hawaii

LCG, March 21, 2012--First Wind yesterday announced that it has obtained $236 million in financing for the 69-MW Kawailoa Wind Project on Oahu's North Shore. The project, scheduled to deliver power to the grid in November, will be the largest wind farm in Hawaii. The project developer, First Wind, has a twenty-year power purchase agreement (PPA) with Hawaiian Electric Company (HECO) for the power generated from the wind farm.

First Wind announced that a subsidiary closed a $220 million non-recourse construction and term loan and $16 million in letters of credit for the Kawailoa project. Union Bank served as Administrative Agent and Joint Lead Arranger; other Joint Lead Arrangers include Bayern LB, Rabobank and Siemens Financial Services. CIBC and CoBank also participated in the financing.

The Kawailoa Wind Project includes thirty, 2.3-MW Siemens wind turbines that will be installed on Kamehameha Schools' Kawailoa Plantation. The construction groundbreaking ceremony occurred late last month, and delivery and erection of the turbines is scheduled to begin this summer.

In December 2011, the Hawaii Public Utilities Commission approved the PPA between First Wind and HECO. Hawaii?s renewable portfolio standard (RPS), which was modified by legislation passed in 2009, now requires renewable electrical energy generation from utilities to rise to 40% by 2030.
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