U.S. gives loan guarantee for largest solar plant

subscribe

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

phone pad

Shocking scam: fraudster pretending to be from BC Hydro attempts to extort business

VANCOUVER - 'I've gotta give him very high marks for being a good scammer,' says almost-fooled business owner

It's an old scam with a new twist.

Fraudsters pretending to be BC Hydro representatives are threatening to disconnect small business owners' power unless they send in cash cards, prepaid credit cards or even bitcoin right away.

Colin Mackintosh, owner of Trans National Art in Langley, B.C., said he almost was fooled by one such scammer.

It was just before quitting time on Thursday at his shop when he got an unpleasant phone call.

"The phone rings. My partner hands me the phone and this fellow says to me that he's outside, he works with…

READ MORE
electrical revenue meters

BC Hydro activates "winter payment plan"

READ MORE

elon musk

Tesla CEO Elon Musk slams Texas energy agency as unreliable: "not earning that R"

READ MORE

yukon nuclear

Modular nuclear reactors a 'long shot' worth studying, says Yukon gov't

READ MORE

towers

Alberta Introduces New Electricity Rules

READ MORE