Towers of Power: LPO investments help utility-scale solar reach new heights in the American southwest
| PROJECT | LOAN PROGRAM | TECHNOLOGY | OWNER(S) | LOCATION(S) | LOAN TYPE | LOAN AMOUNT | ISSUANCE DATE |
|---|---|---|---|---|---|---|---|
| GENESIS | Title XVII | CONCENTRATING SOLAR PROJECTS | NextEra Energy | Riverside County, California | Partial Loan Guarantee | $852 Million | August 2011 |
| IVANPAH | Title XVII | CONCENTRATING SOLAR PROJECTS | BrightSource Energy, NRG Energy & Google | Ivanpah Dry Lake, California | Loan Guarantee | $1.6 Billion | April 2011 |
| MOJAVE | Title XVII | CONCENTRATING SOLAR PROJECTS | Atlantica Yield | San Bernardino County, California | Loan Guarantee | $1.2 Billion | September 2011 |
| SOLANA | Title XVII | CONCENTRATING SOLAR PROJECTS | Atlantica Yield & Liberty Interactive Corporation | Gila Bend, Arizona | Loan Guarantee | $1.45 Billion | December 2010 |
Genesis loan fully repaid in December 2019
Loan Amount represents the approximate amount of the loan facility at closing including principal and any capitalized interest.
CONCENTRATING SOLAR POWER PORTFOLIO
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Using parabolic trough technology, Genesis is one of the largest concentrating solar power projects in the U.S. -
Rising 450 feet above the California Desert, Ivanpah is the world's largest concentrating solar power facility. -
Innovative design enhances proven technologies at Mojave, one of the world’s largest parabolic trough concentrating solar power plants. -
An innovative energy storage system provides Solana with ‘night-time’ solar that allows electricity production for up to 6 hours without the sun.
LPO IMPACT
Between 2010 and 2011, LPO financed five of the world’s largest concentrating solar power (CSP) projects. By integrating thermal energy storage, two of these projects brought the first utility-scale “nighttime solar” to the U.S. The lessons learned from these projects will help provide valuable insights in how to finance, construct, and operate the technology at commercial scale. Read former Executive Director Mark McCall's blog post or download the full report.
