DOE offering $2.1B conditional loan to Solar Trust of America

DFN: Listening to conference call with Secretary Chu and Governor Brown formally announcing loan guarantee. This is the third major loan announced in the past week since the budget crisis was solved.

WASHINGTON, April 18 (Reuters) – The U.S. Department of Energy said on Monday it is offering $2.1 billion in conditional loan aid to support the Blythe Solar Power Project in California.

The loan guarantee would support Units 1 and 2 of the 484 megawatt solar thermal power plant sponsored by Solar Trust of America, LLC.

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