U.S. Offers $1.37 Billion Loan Guarantee to California Solar Power Project

The U.S. Department of Energy is using funds from last year's economic stimulus package to guarantee $1.37 billion in loans for a solar energy project in California's Mojave Desert.

The project mounted by BrightSource Energy would be the world's largest solar thermal power plant when built.

"We're not going to sit on the sidelines while other countries capture the jobs of the future," Energy Secretary Stephen Chu said in announcing the conditional loan commitment. "We're committed to becoming the global leader in the clean energy economy."
Full article at: Solar Power Project

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