U.S. gives loan guarantee for largest solar plant
WASHINGTON - The U.S. Energy Department said recently it awarded a $967 million loan guarantee to an NRG Energy subsidiary to help pay for the world's biggest solar power plant using photovoltaic panels.
The loan guarantee will support the construction of the 290-megawatt Agua Caliente Solar generating facility in Yuma County, Arizona that will use thin solar panels.
The facility will help the Obama administration meets its goal to double the amount of U.S. electricity generated from renewable energy sources like solar and wind power.
"Solar projects like this are helping the U.S. to compete globally for the clean energy jobs of today and the future," said U.S. Energy Secretary Steven Chu.
"Together, we will create hundreds of jobs and reduce the nation's fossil fuel dependence and carbon intensity," said Tom Doyle, president of NRG Solar.
Pacific Gas & Electric Company will purchase power generated at the solar plant and deliver it to its customers in California. The plant is expected to be built by 2014.
Related News
Group of premiers band together to develop nuclear reactor technology
TORONTO - The premiers of Ontario, Saskatchewan and New Brunswick have committed to collaborate on developing nuclear reactor technology in Canada.
Doug Ford, Scott Moe and Blaine Higgs made the announcement and signed a memorandum of understanding on Sunday in advance of a meeting of all the premiers.
They will be working on the research, development and building of small modular reactors as a way to help their individual provinces reduce carbon emissions and move away from non-renewable energy sources like coal.
Small modular reactors are easy to construct, are safer than large reactors and are regarded as cleaner energy than coal, the…
