“This concentrated solar energy project creates jobs, avoids greenhouse gas emissions and helps strengthen our nation’s renewable energy future,” said Secretary Chu.
Another large-scale concentrating solar thermal project is underway in the United States thanks to strong financial support from the Federal Government.
U.S. Energy Secretary Steven Chu announced the offer of a conditional commitment for a $737 million loan guarantee to support a 110 megawatt molten salt concentrating solar power (CSP) tower generating facility.
$737 million loan guarantee for the 110 megawatt (MW) Crescent Dunes Solar Energy Project to be built in Nevada
Upon completion, SolarReserve’s 110 MW Crescent Dunes project will be the largest molten salt power tower project in the world and will provide electricity to approximately 75,000 homes during peak electricity periods.
DOE Offers $2.1 Billion Conditional Commitment Loan Guarantee to Support California Concentrated Solar Energy Plant
California Solar Project Estimated to Create Over 1,000 Jobs and Avoid Over 710,000 Tons of Carbon Dioxide Annually.