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
/node/851346 Title XVII /node/1430071 NextEra Energy Riverside County, California Partial Loan Guarantee $852 Million August 2011
/node/851356 Title XVII /node/1430071 BrightSource Energy, NRG Energy & Google Ivanpah Dry Lake, California Loan Guarantee $1.6 Billion April 2011
/node/851151 Title XVII /node/1430071 Atlantica Yield San Bernardino County, California Loan Guarantee $1.2 Billion September 2011
/node/851156 Title XVII /node/1430071 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

GENESIS
Using parabolic trough technology, Genesis is one of the largest concentrating solar power projects in the U.S.
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IVANPAH
Rising 450 feet above the California Desert, Ivanpah is the world's largest concentrating solar power facility.
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MOJAVE
Innovative design enhances proven technologies at Mojave, one of the world’s largest parabolic trough concentrating solar power plants.
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SOLANA
An innovative energy storage system provides Solana with ‘night-time’ solar that allows electricity production for up to 6 hours without the sun.
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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.

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