has secured a $1.45 billion loan guarantee from the U.S.
government to build a solar-power plant in Arizona,
Bloomberg reports. The Spanish solar-technology
developer is planning to start construction before 2010-end and
begin generating electricity before the end of 2013.
The world's largest solar-power installation will produce 250
megawatts and serve 70,000 families. The company has entered
into a power purchase agreement with the state's largest
electric utility, APS, to sell the energy
produced by Solana for a period of 30 years, adds Greentech
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