Solar loan guarantees announced

Jun 30, 2011 By NOAKI SCHWARTZ , Associated Press

(AP) -- The Department of Energy has announced nearly $4.5 billion in conditional commitments for loan guarantees for three California solar projects, the agency said.

The announcement includes $680 million for the Antelope Valley Solar Ranch in Los Angeles County, $1.88 billion for the Desert Sunlight project in Riverside County and $1.93 billion in loans for the Topaz in San Luis Obispo County.

The agency would not disclose the specific conditions of the loan guarantees and partial loan guarantees, which vary by project but can include such requirements as securing necessary permits.

The three projects combined are expected to create 1,400 jobs and generate approximately 1,330 megawatts of installed solar power, according to the department.

The awards are administered through the Department of Energy's loan programs which have provided over $38 billion to support 40 clean energy projects across the country.

California has been a leader in the push toward solar energy.

Ground was broken earlier this month for what will be the world's largest in the world, the Blythe Project in the California desert, 225 miles east of Los Angeles. The estimated cost of the plant is $4 billion and the Department of Energy has pledged a $2.1 billion loan guarantee to support it.

The U.S. Bureau of Land Management also approved the next phase of construction on the nearly $2 billion Ivanpah project located in eastern San Bernardino County, about five miles from the Nevada border.

In April, federal officials ordered BrightSource Energy Co. to halt construction on two-thirds of the project after a federal assessment showed that more than 3,000 desert tortoises would be disturbed, and up to 700 of the young turtles would be killed during construction. But a new assessment this month from the U.S. Fish and Wildlife Service determined the project would not jeopardize the threatened desert tortoise and construction was allowed to resume.

Explore further: First-of-a-kind supercritical CO2 turbine

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Construction to resume on parts of solar project

Jun 11, 2011

(AP) -- Construction can resume on a massive Southern California solar energy project after wildlife officials determined it will not jeopardize the threatened desert tortoise, federal officials said Friday.

Federal OK sought for loans for California energy projects

Jul 28, 2010

Plans for a massive expansion of clean energy in California are being jeopardized by federal foot-dragging, according to state officials who say that more than 20 nearly shovel-ready solar and wind projects are being held ...

Calif. solar firm hits desert swarm

Sep 29, 2009

BrightSource Energy has encountered some storm clouds in its quest to bring a solar future to large stretches of the western United States. The Oakland, Calif.,-based developer of solar farms has been forced to scuttle its ...

S.Africa solar plan draws interest: government

Oct 29, 2010

South Africa's plan to build what could become the world's biggest solar project has drawn keen interest from investors even though it is still in its infancy, an official said Friday.

Recommended for you

First-of-a-kind supercritical CO2 turbine

16 hours ago

Toshiba Corporation today announced that it will supply a first-of-a-kind supercritical CO2 turbine to a demonstration plant being built in Texas, USA. The plant will be developed by NET Power, LLC, a U.S. venture, together w ...

Drive system saves space and weight in electric cars

Oct 17, 2014

Siemens has developed a solution for integrating an electric car's motor and inverter in a single housing. Until now, the motor and the inverter, which converts the battery's direct current into alternating ...

Dispelling a misconception about Mg-ion batteries

Oct 16, 2014

Lithium (Li)-ion batteries serve us well, powering our laptops, tablets, cell phones and a host of other gadgets and devices. However, for future automotive applications, we will need rechargeable batteries ...

Turning humble seaweed into biofuel

Oct 16, 2014

The sea has long been a source of Norway's riches, whether from cod, farmed salmon or oil. Now one researcher from the Norwegian University of Science and Technology (NTNU) researcher hopes to add seaweed ...

User comments : 0