Washington DC, United States — ESI-AFRICA.COM — 15 June 2011 – The U.S. Department of Energy (DOE) has offered an amount of US$2 billion in loan aid to support two concentrating solar power projects in the state of California.
First of these is the Mojave solar project, sponsored by Abengoa Solar Incorporated, which will receive US$1.2 billion in loan aid. The DOE will also provide the Genesis solar project, sponsored by NextEra Energy Resources, with more than US$680 million in loan aid.
“The projects are 250MW each, and their combined output will double the country’s capacity of concentrating solar power,” the DOE said. The plants are expected to create more than 1,600 construction jobs and nearly 120 long-term jobs.
“By investing in the commercial-scale deployment of solar technologies, we can create greater efficiencies that will lower the cost of solar power while creating jobs and increasing our global competitiveness in this key industry,” said energy secretary Steven Chu.