29 Sep '11, 8pm

UPDATED - It's Sept. 30. What happens to the DOE loan guarantee program? #solar

As the U.S. Department of Energy's (DOE) Section 1705 loan-guarantee program hits its sunset date of Sept. 30, the money keeps flowing. DOE Secretary Steven Chu has announced the finalization of two loan guarantees totaling more than $1 billion to support two utility-scale solar plants under development. Sempra Energy will receive a $337 million loan guarantee for Mesquite Solar 1, a 150 MW PV plant that will be located in Maricopa, Ariz. The conditional offering was announced by the DOE in June . One of the plant's key features is its use of a transformer-less and liquid-cooled inverter technology, which is expected to increase energy output, decrease operating costs and improve reliability. Also completed just before the deadline was a $737 million guarantee for SolarReserve's 110 MW Crescent Dunes concentrating solar power (CSP) project, under development near Tonopah, ...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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