41GW of natural gas power generation planned in Texas with TX Energy Fund's $5B low-interest loans.
41GW of new natural gas-fired power generation is planned in Texas, supported by the $5B Texas Energy Fund (TEF) offering low-interest loans. The TEF's In-ERCOT Generation Loan Program has received 125 notices for $38.9B in loan applications, aiming to incentivize new generation projects in ERCOT. The program may finance up to 60% of project costs, with first disbursements by 2025.
June 03, 2024
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