17 Jun '11, 6pm

DOE Awards $2 Billion Loan to 2 Concentrating Solar Project in California

Projects Should Create Around 1,800 Jobs, Help Drive Costs Down The first concentrating solar project is located in the Mojave desert in San Bernardino County, California. It's close to the solar farm that recently received an investment of $168m from Google a few weeks ago, but while it's not 100% clear, it seems like it's going to be a different one (the Google farm will be made by Brightsource Energy and be rated at 393MW, while this one is made by Abengoa Solar and rated at 250MW). The second solar thermal project getting a conditional loan is the Genesis Solar Project, located on land managed by the Bureau of Land Management in Riverside County, California. Like the Mojave project, it is rated at 250MW. The two projects' combined capacity will double the nation's currently installed concentrating solar capacity and will no doubt help drive down the cost of building ne...

Full article: http://www.treehugger.com/files/2011/06/department-of-ene...

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