Updated on
Summary The Department of Energy will guarantee financing worth more than $4.7 billion for the 4 projects.
The U.S. Department of Energy finalized financing for four utility-scale solar projects, capping a week of intense activity amid heightened political scrutiny on the loan guarantee program.The solar projects are: Project Amp, for the installation of 752 megawatts worth of solar power on about 750 commercial rooftops; a partial loan guarantee for the 550-megawatt Desert Sunlight project in California; the 230-megawatt Antelope Valley Solar Ranch 1 Project in California; and the 250-megawatt California Valley Solar Ranch project.Among the four projects, the Department of Energy will guarantee financing worth more than $4.7 billion. Earlier this week, the Energy Department finalized loan guarantees worth $1 billion for two solar power plants and one cellulosic ethanol bio-refinery.
Featured
