Obama administration approves 3 more solar energy loan guarantees worth $3.5B

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WASHINGTON — With a midnight deadline looming, the Energy Department has approved three more loan guarantees for solar energy totaling about $3.5 billion.

Energy Secretary Steven Chu says the department has completed a $1.5 billion loan guarantee to Arizona-based First Solar Inc. for a 550-megawatt solar farm on federal land in Southern California and $646 million to Exelon Corp. for a 230-megawatt solar plant near Los Angeles.

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Sudarsan Raghavan 01 Oct, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=9de2dee75250d6373c3f4481f30388cd
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