Renewable Energy World Online
30 September 2011: New Hampshire, U.S.A. — The Department of Energy announced it closed on loan guarantees for four major solar projects Friday afternoon, hours ahead of the approval deadline for the Section 1705 program.
A handful of large-scale photovoltaic projects did not close on their conditional loans. These projects include: First Solar Topaz in San Luis Obispo County, Calif. (550 MW); Fotowatio Renewables in Las Vegas (20 MW); and Solar City’s SolarStrong (371 MW in 33 states).
First Solar, which was involved in two of the deals Friday, has already said that it would not be able to meet the Friday deadline for the Topaz project. SolarCity, meanwhile, said it received word recently that it would not be able to meet the deadline.