DOE Offers Conditional Loan Guarantee to Solar Project in Nevada
June 8, 2011
DOE announced its offer on June 2 of a conditional commitment for a $45.6 million loan guarantee to support a 20-megawatt AC photovoltaic (PV) solar generating facility. The project, sponsored by Fotowatio Renewable Ventures, Inc., is being supported by DOE with funding from the 2009 American Recovery and Reinvestment Act. It will be developed approximately 25 miles northeast of Las Vegas, and the project's sponsor estimates it will create 250 jobs at peak construction.
The Fotowatio PV solar generating facility will include more than 90,000 polycrystalline silicon modules attached to single-axis horizontal tracker technology that will capture more energy than fixed-tilt PV systems. The project, which will be the second-largest photovoltaic generation facility in Nevada, is expected to avoid over 31,000 tons of carbon pollution annually. The facility is also expected to produce approximately 55,000 megawatt hours annually, enough to power over 4,700 homes. Power from the project will be sold to Nevada Power Company. See the DOE press release and DOE's Loan Programs Office website.