PROJECT SUMMARY
The Department of Energy (DOE) has issued a total of up to $12 billion in loan guarantees to Georgia Power Company (GPC), Oglethorpe Power Corporation (OPC), and three subsidiaries of Municipal Electric Authority of Georgia (MEAG Power) to support the construction of Vogtle Units 3 and 4 – the nation’s next generation of advanced nuclear reactors – at the Alvin W. Vogtle Electric Generating site in Waynesboro, Georgia. Two AP1000 Generation III+ reactors will be constructed at Vogtle, which currently has two previous generation pressurized water reactors in operation.
TECHNOLOGY INNOVATION
Vogtle Units 3 and 4 are the first U.S. deployment of the AP1000 Generation III+ reactor. The AP1000 was designed as the next-generation nuclear reactor that could provide a standardized design for the U.S. utilities market. The reactor is an evolutionary improvement over existing reactors, featuring advanced safety systems. For example, the AP1000 can shut down passively without external power or human intervention. The AP1000 is built with modules manufactured off-site and then assembled onsite. This has the potential to improve quality and eases construction when compared to the last generation of nuclear reactors built in the U.S. In addition, the AP1000 has a smaller footprint and simpler design, and uses less piping, valves, and pumps than older designs.
ECONOMIC IMPACT
Vogtle Units 3 and 4 are expected to create 9,000 onsite construction jobs during its peak and are expected to support 800 permanent jobs.
CLIMATE BENEFIT
Upon completion, Vogtle Units 3 and 4 are expected to generate 17,200,000 megawatt-hours of clean energy and prevent 10 million metric tons of carbon dioxide emissions annually.
PROJECT SUMMARY | Owners | Georgia Power Company (GPC), Oglethorpe Power Corporation (OPC), Municipal Electric Authority of Georgia (MEAG Power), City of Dalton |
|---|---|---|
Location | Waynesboro, Georgia | |
FINANCIAL SUMMARY | Loan Program | Title XVII |
Loan Type | Loan Guarantee | |
Loan Amount 1 | $5.1 Billion (GPC), $4.7 Billion (OPC), $2.2 Billion (MEAG Power) | |
Issuance Date | February 2014 (GPC and OPC) & June 2015 (MEAG Power); March 2019 (GPC, OPC, and MEAG Power) | |
| ENERGY SUMMARY | Operation Status | Under Construction |
Generation Capacity | 2,200 MW | |
Projected Annual Generation 2 | 17,200,000 MWh | |
| ECONOMIC IMPACT | Permanent U.S. Jobs Supported | 800 |
U.S. Construction Jobs Supported 3 | 9,000 | |
| CLIMATE BENEFIT | CO2 Emissions Prevented Annually | 10,000,000 Metric Tons |
| NOTES | All information up-to-date as of March 2019. 1 Approximate aggregate amount of the loan facilities approved as of the March 22, 2019 closing, including principal and any capitalized interest. 2 Calculated using the project's and NREL Technology specific capacity factors. For cases in which NREL's capacity factors do not encompass project's specific design and operation, project specific capacity factors are used. 3 Peak construction jobs estimated at the time of March 2019 closing. | |
PROJECT PHOTOS
