Environmental

DOE Finalizes $1.45 Billion Loan Guarantee for One of the World’s Largest Solar Generation Plants

Washington D.C.–(ENEWSPF)–December 21, 2010. U.S. Energy Secretary Steven Chu today announced a $1.45 billion loan guarantee has been finalized for Abengoa Solar Inc.’s Solana project, the world’s largest parabolic trough concentrating solar plant. Located near Gila Bend, Arizona, the 250-megawatt (MW) project is the first large-scale solar plant in the United States capable of storing energy it generates. Solana will produce enough energy to serve 70,000 households and will avoid the emissions of 475,000 tons…

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