Wednesday, September 14, 2011

DOE Approves $1.2 Billion Loan For Mojave Solar Power Plant

The U.S. Department of Energy has approved another loan guarantee, this one worth $1.2 billion, for a Southern California solar power project, the department said Tuesday. According to U.S. Energy Secretary Steven Chu, the Energy Department has finalized a $1.2 billion loan guarantee to Mojave Solar LLC, for a 250MW solar generation project in San Bernardino County. The concentrating solar power plant, being installed by Abengoa Solar, is expected to increase the amount of installed concentrating solar power capacity in the U.S. by 50 percent. The plant should supply enough electricity to power more than 54,000 homes, and is expected to support more than 900 construction and permanent operations jobs. The power plant is being bulit on Harper Dry Lake, and will supply Pacific Gas & Electric.

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