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

- Link: https://greenlivingguy.com/2011/04/doe-finalizes-1-6-billion-loan-guarantee-for-brightsource-energy-inc/
- Published: 2011-04-17T00:48:48-04:00
- Author: greenlivingguy

_**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](https://mobile.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.  _**

![author avatar](https://secure.gravatar.com/avatar/df91669667126e1290c21ee0342c386e2da19d588d4d9ca6560bd82ed59a9641?
s=300&d=monsterid&r=g)

 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author,
Radio Host, Reporter, Writer and an 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.

 [See Full Bio](https://greenlivingguy.com/author/greenlivingguy/) [  ](https://greenlivingguy.com/author/greenlivingguy/)