The Ivanpah Solar Electric Generating System — the largest concentrating solar power (CSP) plant in the world — officially opened on February 13, 2014.
The DOE reported that Ivanpah is one of five CSP projects that received loan guarantees from the DOE’s Loan Program Office (LPO). As the first commercial deployment of innovative power tower CSP technology in the U.S., the Ivanpah project was the recipient of a $1.6 billion loan guarantee from the LPO. When the five projects are completed, they will provide a combined 1.26 GWs of electric capacity. The DOE also reported that the LPO loan guarantees are helping to finance the first solar thermal storage project and the first power tower with solar thermal storage in the U.S., as well as some of the world’s largest parabolic trough CSP plants.
Additional Sources: U.S. Department of Energy; Ivanpah Solar Electric Generating System; San Jose Mercury News; BrightSource Energy, Inc.; Bechtel Corporation; NRG Energy, Inc.
Photo: Craig Dietrich, Taken Sep. 27, 2013 – Creative Commons