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APS Loses $1.8B Federal Loan Guarantee for Tx, Renewable Projects

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APS Loses $1.8B Federal Loan Guarantee for Tx, Renewable Projects

Cancelation is Part of DOE’s Sweeping Reversal of Biden-era Approvals

A federal loan guarantee would have supported a battery storage project next to APS' Agave solar plant.
A federal loan guarantee would have supported a battery storage project next to APS' Agave solar plant.

A federal loan guarantee would have supported a battery storage project next to APS’ Agave solar plant. | APS

Jan 29, 2026 | Elaine Goodman

The U.S. Department of Energy has canceled a pending $1.8 billion loan guarantee to Arizona Public Service that was intended to help finance transmission, renewable energy and storage projects.

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