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:
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.