28 Sep '11, 6pm

DOE Loan Program: Time Running Out and Questions Remain via @reworld

There were two major announcements later in the day Wednesday. The Solar Reserve Crescent Dunes project in Nye County, Nev., received a $737 million loan guarantee to support a 110-MW molten salt concentrated solar power tower generating facility that would include about 10 hours of thermal energy storage. If built, the project would be the tallest molten salt tower in the world and the first in the U.S. The DOE also approved $398 million for Mesquite Solar 1, a 170-MW PV plant in Maricopa County, Ariz. The final days of activity come as the department fends off criticism about the loan program. At stake is more than $7 billion dollars of loan guarantees that await final approval under Section 1705 of the federal program. In a flurry of activity, the DOE has been closing deals throughout the month for geothermal and wind projects, as well as advancements in solar technolog...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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