DOE Finalizes $1.6 Billion Loan Guarantee for BrightSource Energy Inc.

California Complex Expected to Create Approximately 1,000 Jobs and Avoid Over 640,000 Tons of Carbon Pollution Annually

Announced this afternoon via Twitter.com/energy, the U.S. Department of Energy finalized $1.6 billion in loan guarantees to support the Ivanpah Solar Energy Generating System, three related utility-scale concentrated solar power plants.

BrightSource estimates the project will create approximately 1,000 construction jobs and 86 operations and maintenance jobs.


 

The three-plant Ivanpah Solar Complex will generate:

  • approximately 392 gross megawatts (MW) of electricity using the company’s innovative, proprietary concentrating solar power (CSP) technology.
  • nearly one million megawatt hours of electricity per year
  • enough to power over 85,000 homes, and will avoid over 640,000 tons of carbon dioxide annually, equivalent to taking over 120,000 cars off the road.

The project includes solar fields containing over 173,000 dual-mirror heliostats through a purchase agreements (PPA) with Pacific Gas & Electric and Southern California Edison Company (SCE).

The project will be interconnected to the electricity grid via an upgraded SCE transmission line.

Source: The US Department of Energy, through the Loan Programs Office Loan Programs Office website.  

Written by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.