12 Apr '11, 7pm

SunPower and NRG’s 250 MW Solar Project Closer to Reality

The DOE loan guarantee program is alive and well, despite attempts to squelch it. Today the DOE announced the offer of a $1.187 billion loan guarantee for one of the world's largest solar plants -- the 250-megawatt (AC) California Valley Solar Ranch . This announcement comes hot on the heels of the California governor signing the 33 percent RPS into law . NRG Solar, a subsidiary of NRG Energy (NYSE: NRG), will assume ownership and financing responsibilities for the project. SunPower will design, build, and initially operate and maintain the solar power plant . Construction is expected to start in the second half of 2011, contingent on permitting and financing, with a portion of the project expected to begin operations by the end of 2011 and the balance coming on-line in 2012 and 2013. This further solidifies SunPower's position, along with First Solar, as the leaders in th...

Full article: http://www.greentechmedia.com/articles/read/sunpower-and-...

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