30 Sep '11, 9pm

DOE Closes on Three Major Solar Projects

A handful of large-scale photovoltaic projects have yet to close on their conditional loans as of late Friday afternoon. These projects include: First Solar Topaz in San Luis Obispo County, Calif. (550 MW); Fotowatio Renewables in Las Vegas (20 MW); Solar City’s SolarStrong (371 MW in 33 states); and California Valley Solar Ranch in San Luis Obispo, Calif. (250 MW). First Solar, which was involved in two of the deals Friday, has already said that it would not be able to meet the Friday deadline. SolarCity, meanwhile, said it received word last week that it would not be able to meet the deadline, but company officials had remained hopeful that a deal could come together by late Friday. $1.46 billion for Desert Sunlight First Solar ’s Desert Sunlight has received backing for a 550-MW project that is expected to fund more than 550 construction jobs in Riverside County, Calif....

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

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