While companies are taking advantage of Federal incentives, Nevada solar energy projects are bringing revenues to local state and county governments via fees and taxes. The stimulus package that has received heat from naysayers, is now providing the power that will heat many homes of Nevadans for years to come.
“One more giant solar project on Federal land has made it in time for funding under ARRA!” says Susan Kraemer with Cleantechnica.com
Solar Millenium’s Amargosa Farm Road Solar Project (PDF) is a 500 megawatt project on BLM land, 80 miles from Las Vegas. It is a concentrated solar project comprising two 250 MW parabolic trough dry-cooled power plants.
But Brett Prior of Green Tech Solar says “Two significant hurdles remain before this project can move forward.”
1) They need to sign a PPA with NV Energy (currently they only have an MOU)
2) They need financing
In order to secure equity financing, they will likely need a loan guarantee from the federal government.
The good news is that the project will supply lots of power and even some jobs if successfully completed.
When complete, the Amargosa Farm Road Solar Project should create about 200 permanent operations and maintenance jobs, and supply enough electricity to power 150,000 U.S. homes annually, according to the Department of the Interior (DOI).
The question then is why would the project not be completed? They will probably need that loan guarantee from the Federal Government. That is contingent on the commitment of Congress to helping push these projects forward. That commitment may not be as strong when dealing with a more conservative House of Representatives.1 comment