A feature in GreenTech Media highlighted the $1.45 billion loan guarantee for Abengoa Solar‘s Concentrating Solar Power project in Gila Bend, Ariz. that President Obama recently announced as part of his green jobs initiative.
The article resulted from an interview RenewComm coordinated with Santiago Seage, the CEO of Abengoa Solar, and reporter Eric Wesoff shortly after DOE Secretary Steven Chu approved the massive loan guarantee, one of two for U.S.-based utility-scale solar projects.
Wesoff wrote:
The biggest announced project was Abengoa’s 250 megawatt Solana Concentrating Solar Power (CSP) project… [which] slightly surpasses the recent $1.37 billion loan guarantee for fellow CSP player Brightsource Energy.
The loan guarantee process was started over a year and a half ago. According to the CEO, “It has been a long process with lots of work with the DOE. It is expensive and not an easy process but the DOE has been very professional and they have invested enough time to do things very thoroughly.”





Renewable energy projects were starved for ideal locations in the U.S. while the