DOE Supporting Arizona Solar Project

doelogo DOE Supporting Arizona Solar Project

The headlines this week are all related to U.S.- China talks regardingpartnerships going forward that will ensure both nations, and the restof the world, can have a fair chance at boosting their clean energyeconomy. Domestically, the United States Department of Energy Secretary Steven Chu announced a major loan to Agua Caliente Solar to support the construction of a 290-megawatt photovoltaic solar generating facility in Yuma County, Arizona.

The DOE will commit up to $967 million to the project. Steven Chu cited the need for the United States to compete globally for clean energy jobs. He also reaffirmed President Obama’s commitment to bringing innovative renewable energy technologies to the market to support the country’s transition to a clean energyeconomy.

The DOE, through the Loan Programs Office, has issued loanguarantees or offered conditional commitments for loan guaranteestotaling over $17 billion to support 17 clean energy projects. Thesecollective projects will have the capacity to generate over 37 millionmegawatt-hours, enough to power approximately 3.5 million homes.