DOE Offers $359 Million Loan Guarantee for Photovoltaic Solar Power Plant
June 22, 2011
DOE announced on June 15 the offer of a conditional commitment for a $359.1 million loan guarantee to Mesquite Solar 1, LLC, to support the development of a photovoltaic (PV) solar generating project in Arizona. The optimized 150-megawatt (MW) alternating current project is sponsored by Sempra Generation and is located about 45 miles west of Phoenix. The company estimates the project will create up to 300 construction jobs and 7-10 full time operating jobs.
The project will be one of the first U.S. large-scale utility PV power plants to use U.S.-manufactured innovative transformerless and liquid-cooled inverter technology, which allows for significant improvements in energy output. The project is anticipated to generate nearly 350,000 megawatt hours of electricity in the first full year of production, or enough to power over 31,000 homes. Power from the project will be sold to Pacific Gas and Electric Company. See the DOE press release and the DOE Loan Programs Office website.