Department of Energy Offers Conditional Commitment for $1.187 Billion Loan Guarantee to Support California Solar Generation Project
Washington D.C. – U.S. Energy Secretary Steven Chu today announced the offer of a conditional commitment for a $1.187 billion loan guarantee to support the California Valley Solar Ranch project, sponsored by SunPower Corporation. The project, which is being built in San Luis Obispo County, CA, includes the construction of a 250 megawatt alternating current photovoltaic (PV) solar generating facility and associated infrastructure.