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 of carbon dioxide per year compared to a natural gas burning power plant.
