LPO has issued conditional commitments to 13 power generation projects with cumulative project costs of more than $27 billion. This represents a greater investment in clean energy generation projects than the entire private sector made in 2009 ($10.6 billion), and almost as much as was invested in such projects in 2008, the peak financing year to date ($22.6 billion).
In 2010 alone, LPO offered loans and conditional commitments for loan guarantees to 14 projects, including:
• Abengoa Solar Inc. and BrightSource Energy Inc., two of the world’s largest solar thermal projects,
• Georgia Power Co.’s Vogtle project, a 2,200-MW nuclear power plant—the nation’s first in three decades, and
• Caithness Shepherds Flat, the world’s largest wind farm with generating capacity of 845 MW.
Loan Programs Office Projects, According to DOE
Loans: $30.7 billion
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(Electric Light & Power, July/Aug 2011)