Announces $120B U.S.-Korea Framework to Fund Construction of Eight U.S. Nuclear Reactors

Brookfield Asset Management announced a new strategic framework agreement between the U.S. and the Republic of Korea to accelerate the deployment of Westinghouse nuclear technology. The non-binding agreement commits up to $120 billion of Korean investment to help finance the construction of eight new large nuclear reactors on U.S. federal sites to meet growing energy demand.

Key Details

• Investment & Scope: The framework commits up to $120 billion from Korea to fund eight reactors: six Westinghouse AP1000 reactors and two Korean APR1400 reactors.
• Equity Stake: The agreement provides for a cornerstone equity investment of between 5% and 10% in Westinghouse by the Republic of Korea.
• Agreement Status: The terms of the transaction are currently non-binding and subject to final negotiations.