NRG Energy Inc. says that its 290 MW Agua Caliente solar project has received an offer of a conditional commitment for a loan guarantee of up to $967 million from the U.S. Department of Energy (DOE). NRG's acquisition of the project from First Solar was announced last month.
The project, which began construction in Yuma County, Ariz., last year, is expected to be complete by 2014. First Solar has developed the installation and is serving as the engineering, procurement and construction contractor, using its thin-film PV modules. First Solar will also provide operations and maintenance services.
SOURCE: NRG Energy Inc.