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US Department of Energy offers loan guarantee for Fotowatio solar project

8 Jun 2011

US Energy Secretary Steven Chu, has announced a $45.6m loan guarantee to support Fotowatio Renewable Ventures‘ 20MW photovoltaic solar energy facility.

A site approximately 25 miles outside of Las Vegas, Nevada has been chosen for the project. Fotowatio anticipates the project will create about 250 jobs at the height of construction.

Following construction, the Fotowatio solar generating facility will include over 90,000 polycrystalline silicon modules attached to a single-axis horizontal tracker. It will be the second largest photovoltaic facility in Nevada.

‘This announcement is yet another sign that Nevada is a major player in the growing solar industry,’ Secretary Chu said. ‘Investments like this one, along with the many other clean energy projects underway in the state, will help us to create jobs while positioning the US to lead in the global energy race.’

Power from the new plant will be sold to the Nevada Power Company and it should generate enough electricity to power over 4,700 homes, the company said.

Copyright © 2011 NewNet

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