Fotowatio PV project wins loan guarantee

The U.S. Department of Energy offered a $45.6 million loan guarantee to a 20 MW solar photovoltaic (PV) generating facility in Nevada. The plant is sponsored by Fotowatio Renewable Ventures Inc.

The Fotowatio PV solar generating facility will use more than 90,000 polycrystalline silicon modules attached to single-axis horizontal tracker technology. Power generated from the project will be sold to Nevada Power Co., a unit of NV Energy (NYSE: NVE).

The Fotowatio application was received by lender-applicant John Hancock Life Insurance under the Financial Institution Partnership Program (FIPP).

Read more financial news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...