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 Media.
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