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.
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.
Genesis created 800 construction jobs and is expected to support 47 permanent jobs.
Genesis is expected to generate 605,000 megawatt-hours of clean energy and prevent 322,000 metric tons of carbon dioxide emissions annually.
Riverside County, California
Partial Loan Guarantee
Loan Amount 1
Projected Annual Generation 2
Permanent U.S. Jobs Supported
U.S. Construction Jobs Supported 3
CO2 Emissions Prevented Annually
322,000 Metric Tons
Loan fully repaid in December 2019. All information is up-to-date as of December 2019 and will not be further updated.
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.