News24

US OKs solar project

2010-02-23 18:10

Los Angeles - The Obama administration has given preliminary approval for $1.4bn in loan guarantees for a massive solar-energy project in California's Mojave Desert.

US Energy Secretary Steven Chu said on Monday that BrightSource Energy was in line for the financing help to build solar-energy plants to power 140 000 homes.

The federal agency will consider the project's likelihood of being completed and the Oakland-based company's ability to repay loans before making a final decision.

Environmentalists want the complex relocated because they say it will harm protected desert tortoises. BrightSource has made design changes in an attempt to alleviate environmental concerns.