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Loan guarantee granted for 250 MW CSP plant in California

The Department of Energy has finalised a partial guarantee for an US$852 million loan to support the 250 MW Genesis Solar concentrating solar power (CSP) project in California, USA.

By Kari Williamson

The parabolic trough CSP facility sponsored by NextEra Energy Resources LLC, could fund approximately 800 construction jobs and 47 operating jobs.

The CSP project is located on land managed by the Bureau of Land Management in Riverside County, California.

The power from the CSP project will be sold to Pacific Gas and Electric Company.

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