U.S. Energy Secretary Steven Chu announced the offer of a conditional commitment to Agua Caliente Solar, LLC for a loan guarantee of up to $967 million. The loan guarantee will support the construction of a 290MW photovoltaic solar generating facility located in Yuma County, Ariz., that will use thin-film solar panels from First Solar Inc. The project sponsor, NRG Solar, estimates the project will be the largest photovoltaic generation facility in the world when it's completed.
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