Desert Sunlight Project

The Desert Sunlight Project is a 550 MW solar power plant under construction, that will use approximately 8.8 million cadmium telluride thin-film solar photovoltaic modules made by First Solar. Project construction will take place in two phases, both of which are supported by power purchase agreements. Phase I will have a capacity of 300 MW, which will be sold to Pacific Gas & Electric Company, while Phase II will have a capacity of 250 MW, which will be sold to Southern California Edison. The project is expected to involve more than 550 construction jobs in Riverside County, California.^[1]

The $1.46 billion in loans for the project are partially guaranteed by DOE and will be funded by a group of investors led by Goldman Sachs Lending Partners, which submitted the project under the Financial Institution Partnership Program (FIPP), and Citigroup Global Markets Inc. as co-lead arranger.^[1]

References

1. ^ ^{a b} "DOE Closes on Four Major Solar Projects". Renewable Energy World. 30 September 2011. http://www.renewableenergyworld.com/rea/news/article/2011/09/doe-closes-on-three-major-solar-projects?cmpid=SolarNL-Tuesday-October4-2011.