U.S. finalizes $737 million loan aid to SolarReserve

Reuters News
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Posted: Sep 28, 2011 11:58 AM

WASHINGTON (Reuters) - The U.S. Energy Department on Wednesday said it has finalized a $737 million loan guarantee for a solar project sponsored by privately-held SolarReserve, LLC.

The guarantee will support the development of a 110 megawatt concentrating solar power facility on federal lands about 14 miles northwest of Tonopah, Nevada.

(Reporting by Roberta Rampton and Ayesha Rascoe; Editing by David Gregorio)