Arizona solar PV plant receives $967m loan guarantee from US DOE
Agua Caliente Solar has been awarded a loan guarantee of up to $967m by US Department of Energy (DOE) for the construction of a 290MW photovoltaic (PV) solar generating facility located in Yuma County, Arizona.
Agua Caliente Solar has been awarded a loan guarantee of up to $967m by US Department of Energy (DOE) for the construction of a 290MW photovoltaic (PV) solar generating facility located in Yuma County, Arizona.
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The solar generating facility, which is sponsored by NRG Solar, will use thin film solar panels from Arizona-based First Solar.
NRG anticipates that the PV project will avoid approximately 237,000 metric tons of greenhouse gas emissions per year, equivalent to taking over 40,000 cars off the road annually.
In addition, at full capacity, NRG estimates the project will also provide clean, emissions-free electricity for approximately 100,000 homes.
Under a 25-year power purchase agreement, Pacific Gas & Electric will purchase power generated from the project and deliver clean, renewable electricity to California consumers.
The Agua Caliente Solar project will deploy fault ride-through and dynamic voltage regulation, technologies, that will improve the reliability and predictability of the electricity generated by solar power plants and supplied to the electricity grid, the company said.
The solar plant, which began in 2010, is expected to be completed by 2014.
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