Sempra Gets $337 Million Guarantee for Arizona Solar Project

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Sempra Energy, California’s third-largest utility, received a $337 million U.S. Energy Department loan guarantee to build a 150-megawatt solar project in Arizona.

Sempra will sell electricity from the Mesquite Solar 1 plant to California’s largest utility, PG&E Corp., under a 20-year contract, the Energy Department said today in an e-mailed statement.