
U.S. Energy Secretary Steven Chu announced conditional commitments for more than $1.37 billion in loan guarantees under the American Recovery and Reinvestment Act to BrightSource Energy to support the construction and start-up of three utility-scale CSP plants with a combined capacity of 400 MW. This would nearly double the existing generation capacity of CSP in the U.S.
The three-plant Ivanpah Solar Complex will be located on federally-owned land in the Mojave Desert in southeastern California, near the Nevada border, and will be the world's largest operational CSP complex, producing enough energy for about 140,000 California homes.
According to BrightSource estimates, the construction will employ approximately 1,000 people, whereas its operation will create 86 permanent jobs. The company's construction contractor has entered into project labor agreements with various trade unions for the construction of the project.
As for the loan guarantee, it is conditioned on financial and environmental requirements BrightSource must meet before closing on the loan — including local, state and federal regulatory approvals. The Bureau of Land Management will continue leading a National Environmental Policy Act (NEPA) review with support from the Department of Energy.
BrightSource's technology uses thousands of heliostats, with each heliostat having two mirrors that track the sun in two dimensions, allowing the capture of a greater percentage of solar energy than some other solar thermal technologies.
The first plant is expected to begin construction in H2 2010 and come on line in 2012. Commercial operation for the second plant is slated for mid-2013 and the third later in 2013. Electricity from the project will be sold under long-term power purchase agreements with Pacific Gas & Electric and Southern California Edison Company (SCE).
[Via: DoE]