GENESIS

Loan Programs Office

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PROJECT SUMMARY

In August 2011, the Department of Energy issued an $852 million partial loan guarantee through the Financial Institution Partnership Program (FIPP) to finance Genesis, a 250-MW parabolic trough concentrating solar power (CSP) plant.  It started commercial operations in April 2014.

TECHNOLOGY INNOVATION

Genesis utilizes parabolic trough solar collectors to concentrate sunlight to heat synthetic oil, which then heats water to create steam. The steam is piped to a steam turbine generator to produce electricity. The solar thermal technology will provide 100% of the power generated by the plant.

ECONOMIC IMPACT

Genesis created 800 construction jobs and is expected to support 47 permanent jobs.

CLIMATE BENEFIT

Genesis is expected to generate 605,000 megawatt-hours of clean energy and prevent 322,000 metric tons of carbon dioxide emissions annually.

 

PROJECT STATISTICS: GENESIS

PROJECT SUMMARY

Owner

NextEra Energy

  Location

Riverside County, California

FINANCIAL SUMMARY

Loan Program

Title XVII
 

Loan Type

Partial Loan Guarantee

 

Loan Amount 1

$852 Million

 

Issuance Date

August 2011

ENERGY SUMMARY

Operation Status

Operating

 

Generation Capacity

250 MW

 

Projected Annual Generation 2

605,000 MWh

ECONOMIC IMPACT

Permanent U.S. Jobs Supported

47
 

U.S. Construction Jobs Supported 3

800

CLIMATE BENEFIT

CO2 Emissions Prevented Annually

322,000 Metric Tons

NOTES

All information up-to-date June 2017.

1 Approximate amount of the loan facility approved at closing including principal and any capitalized interest.

2 Calculated using the project's and NREL Technology specific capacity factors. For cases in which NREL's capacity factors do not encompass project's specific design and operation, project specific capacity factors are used.

3 Estimated at the time of closing.

 

PROJECT PHOTOS

Genesis concentrating solar power project
NextEra Energy
Genesis concentrating solar power plant
NextEra Energy
Genesis concentrating solar power plant
NextEra Energy