DOE Supports Landmark Rooftop Solar Project
June 29, 2011
Installation of solar panels like these on a Chicago building will be supported nationally by DOE's Project Amp.
DOE announced on June 22 a conditional commitment to provide a partial guarantee for a $1.4 billion loan to support Project Amp. This initiative will support the installation of solar panels on industrial buildings across the country. Electricity generated from those panels will contribute directly to the electrical grid instead of powering the buildings on which they were installed. With funding from the American Recovery and Reinvestment Act, Project Amp includes the installation of approximately 733 megawatts (MW) of photovoltaic (PV) solar panels. This will nearly equal the total amount of PV installed in the United States in 2010. The project sponsor estimates Project Amp will create at least one thousand jobs over a four-year period.
Project Amp will enable a wide distribution of solar power over approximately 750 existing rooftops owned and managed by Prologis, a leading global provider of industrial real estate. The first phase of the project includes a 15.4-MW installation in Southern California. The power from Phase 1 will be sold to Southern California Edison. Additional installations will be built in up to 28 states and the District of Columbia.
Project Amp is expected to produce up to one million megawatt hours annually, enough to power over 88,000 homes. At this level, the project is expected to avoid approximately 580,000 tons of carbon pollution annually. Including the latest project, DOE's Loan Programs Office has reserved or committed to over $12 billion in loan guarantees to solar generation projects. See the DOE press release and the Loan Programs Office website.