U.S. Offers $2.1 Billion Backing for California Solar Plant
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The U.S. offered a $2.1 billion loan guarantee to help Solar Trust of America LLC build the world’s largest solar-energy generating station in Southern California.
The project will have two units that combined will produce 484 megawatts of electricity to be transported over an eight-mile transmission line near Blythe, California, about 230 miles (370 kilometers) east of Los Angeles, according to an Energy Department statement. The U.S. guarantee will help build these units in the first phase of the project.