Loan guarantees awarded to solar projects

The U.S. Energy Department awarded conditional loan guarantees worth $4.5 billion to three alternating current CadmiumTelluride (Cd-Te) thin-film solar photovoltaic (PV) projects that will use First Solar modules and inverters.

DOE awarded $680 million for the planned 230 MW Antelope Valley Solar Ranch 1 project. It awarded partial loan guarantees worth $1.88 billion to the 550 MW Desert Sunlight and $1.93 billion to the 550 MW Topaz Solar projects.

Pacific Gas & Electric Co. (NYSE: PGE) will buy the output from Antelope Valley, Topaz Solar and from the 300 MW Phase I of the Desert Sunlight project. Output from Desert Sunlight’s 250 MW Phase II will be sold to Southern California Edison (NYSE: SCE).

Read more solar energy 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...