US DOE offers US$45.6M conditional loan guarantee to Fotowatio for 20MW Nevada PV project

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(Updated) The US Department of Energy has offered Fotowatio Renewable Ventures a US$45.6 million conditional loan guarantee for its 20MW solar PV project  named Apex, which will be constructed 25 miles outside of Las Vegas, Nevada. Funds from 2009’s Recovery Act will be used to fund the project, which will use over 90,000 polycrystalline silicon modules on a single-axis horizontal tracker.

“This announcement clearly shows that Nevada is well on its way to becoming a global leader in clean energy job creation,” said Senate Majority Leader Harry Reid. “Thanks to public-private partnerships like the loan guarantee program, scores of clean energy companies such as Fotowatio are bringing projects to Nevada to put people back to work by turning our state's abundant clean energy resources into jobs and economic growth.”

Fotowatio asserts that its project will be the second-largest PV generation facility in Nevada and is anticipated to produce around 55,000MWh of electricity per annum. Power produced by the 20MW facility will be sold to the Nevada Power Co.

(Update) Mark McClanahan, FRV's SVP, told PV-Tech that the module supplier for the Apex project “has yet to be determined,” adding that “FRV anticipates breaking ground in 2011. The project will take about 8 to 9 months to complete once construction begins.”

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