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


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...