Solar on the way to the federal loan guarantees for three major projects win first

The check is not in the mail, but first solar, the thin-film photovoltaic panel manufacturer and developer, said on Thursday that she is on the right track there, federal loan guarantees for three huge photovoltaic power plant in California projects to secure.

First solar said it has letters from the United States Department of energy loan programs Office indicating that their applications were ahead for the trio of projects that, if would built 1,330 megawatts of carbon-free electricity to create, has received. (At peak output, which is as much as produced by a large Atom or coal fired power station.)

First has not announced solar, how much money is looking for it, and in the letters, Jonathan silver, the credit program Executive Director, stressed that there was no guarantee, as it was that the Tempe, Arizona, would ultimately win the loans.

But in the face of first solar track record, so seems a good chance on the cash Government which, have built up large renewable projects crucial to always stand.

So the company received an offer of federal loans in January of a $967.000.000 photovoltaic power plant in Arizona guarantee to the construction of 290 MW Agua Caliente to California, the electricity will sell utilities Pacific Gas & electric to finance. First solar said on Tuesday, expects to close the loan and the previously announced sale of Agua Caliente to NRG Energy in the second or third quarter of this year.

The clock is the letters as part of renewable energy credit program of most companies sunsets used ticks at the end of September, and first solar must be official offers for the three projects received from California June 16, according to silver.

First solar 550-megawatt desert sunlight power plant in the Mojave-built to 300 megawatts to PG & E and the other 250 megawatts to sell utility Southern California Edison.

PG & E has signed contracts, the flow from the two other first solar projects, the 550 megawatt Topaz photovoltaic-farm to be built on ranch land on the central coast of California and the 230 megawatt AV solar Ranch in Los Angeles County Antelope Valley buy.

First solar's announcement Tuesday was somewhat unusual, as the company which was originally funded by the Walton family is how silent about his projects.