This past June the US Department of Energy (DOE) offered a conditional loan guarantee of US$1.2 billion to Abengoa Solar for its Mojave Solar Project (MSP). The DOE finalized the loan guarantee today allowing MSP to move forward with development plans. Upon its completion, MSP will be the US’ first utility-scale deployment of Abengoa’s latest solar collector assembly project and bring the country’s CSP capacity to nearly 50%.
Located in San Bernardino, California the Mojave Solar project will use an estimated 80% of total costs, through capital equipment and labor, from US sources including receiver tubes from a New Mexico facility and parabolic trough mirrors from an Arizona facility. MSP is supported through a PPA with PG&E, which will sell the energy produced by the CSP project under a 25-year contract.