SolarReserve awarded $737 million DOE loan guarantee

Share

Construction of the project is scheduled to start this summer, with operations slated to begin in late 2013. SolarReserve says the loan guarantee offer is a "critical step" in the project’s progress.

Upon completion, the company says its project will be the largest molten salt power tower project in the world, and will provide electricity to approximately 75,000 homes during peak electricity periods.

In total, over 600 on site jobs are expected to be created, in addition to more than 4,300 direct and indirect jobs in the facility supply chain. Furthermore, SolarReserve says that 45 full time operational staff will be employed.

"The DOE conditional loan guarantee commitment is a substantial milestone in the continuing and successful development of the Crescent Dunes Solar Energy Project," commented Kevin Smith, CEO of SolarReserve.

SolarReserve’s Crescent Dunes Solar Energy Project, located in Nye County, near the town of Tonopah, was approved by Interior Secretary Ken Salazar to construct and operate the facility on public land in December 2010.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.