I have good news. Today, the Department of Energy offered a $2.1 billion conditional commitment loan guarantee to support a concentrating solar thermal power plant near Blythe, California. This is the largest amount ever offered to a solar project through our the Department's Loan Programs Office.
The loan will support two units of the Blythe Solar Power Project that will have a combined 484 megawatt generating capacity. These units are part of a larger project, sponsored by Solar Trust of America, that when completed will generate 1,000 megawatts of solar power, enough to power 95,000 homes a year.
The project is expected to create more than 1,000 jobs and is estimated to avoid more than 710,000 tons of carbon dioxide emissions annually, which is equivalent to the annual greenhouse gas emissions from more than 123,000 vehicles.
Fonte: White House