Exelon and First Solar have extended their deadline for initial funding of the DOE loan for the 230MW Antelope Valley Solar Ranch One (AVSR) project, in northern Los Angeles County, California. A revised construction permit has been approved but the delay could mean First Solar has to repurchase the project from customer Exelon from February 24, 2012, as federal loan and loan guarantees would not be released in time of contract clauses kicking-in.
The new deadline for initial funding of the DOE loan has been moved to April 6, 2012, to allow the expected time for the initial funding to be in place.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The extended deadline means the risk of First Solar repurchasing the project has diminished. Construction of AVSR has not been affected.