DOE supporting Arizona solar project

The headlines this week are all related to U.S.- China talks regarding partnerships going forward that will ensure both nations, and the rest of the world, can have a fair chance at boosting their clean energy economy. Domestically, the United States Department of Energy Secretary Steven Chu announced a major loan to Agua Caliente Solar to support the construction of a 290-megawatt photovoltaic solar generating facility in Yuma County, Arizona.

The DOE will commit up to $967 million to the project. Steven Chu cited the need for the United States to compete globally for clean energy jobs. He also reaffirmed President Obama's commitment to bringing innovative renewable energy technologies to the market to support the country's transition to a clean energy economy.

The DOE, through the Loan Programs Office, has issued loan guarantees or offered conditional commitments for loan guarantees totaling over $17 billion to support 17 clean energy projects. These collective projects will have the capacity to generate over 37 million megawatt-hours, enough to power approximately 3.5 million homes.