Agua Caliente Solar Project Receives DOE Commitment for a Loan Guarantee

NRG Energy, Inc. NRG today announced that the 290-megawatt Agua Caliente solar project has received an offer of a conditional commitment for a loan guarantee of up to $967 million from the U.S. Department of Energy. NRG's acquisition of the project from First Solar was announced last month. The Yuma County, Arizona project, which began in 2010 and is expected to be complete by 2014, is expected to create up to 400 construction jobs.