03 Oct '11, 10am

Curtain falls on US loan guarantee scheme with $5bn solar blow out:

The US Department of Energy (DoE) finalised almost $5bn of loan guarantees to four solar projects before the programme deadline expired at the end of last week. SunPower, NRG Energy, Exelon and Desert Sunlight all managed to secure loans on Friday as officials rushed to complete the necessary paperwork. FURTHER READING DoE hands out $1bn in loan guarantees, as Solyndra scandal rumbles on California goldrush continues as First Solar nets $4.5bn loan guarantees Desert Sunlight was awarded the largest sum, $1.46bn, to install around 8.8 million cadmium telluride thin film solar photovoltaic (PV) modules in Riverside County, California. The project will be built in two phases, eventually reaching 550MW capacity, making it one of the world's largest solar PV plants. Another California plant, SunPower's California Valley Solar Ranch Project in San Luis Obispo County, finalised a...

Full article: http://www.businessgreen.com/bg/news/2113839/curtain-fall...

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