U.S. Offers $1.88 Billion in Guarantees for Solar-Thermal Plants

NextEra Energy Resources LLC and Abengoa SA (ABG/P)’s solar unit received conditional loan guarantee offers from the U.S. Energy Department to develop two solar-thermal plants in Southern California.

The Energy Department offered a $1.2 billion conditional commitment to Abengoa for its 250-megawatt Mojave Solar Project in San Bernardino County, it said today in a statement.

The agency also offered a $681.6 million guarantee to NextEra for its 250-megawatt Genesis Solar Project in Riverside County.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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