DOE announces $4.5 billion in loan guarantees for three California #solar projects

LOS ANGELES - 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 Solar project 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 billio...

Full article: http://greensource.construction.com/yb/gs/article.aspx?st...

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