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March 01, 2010

1.37 billion for Solar Thermal Loan Guarantee

A $1.37 billion loan guarantee that the U.S. Department of Energy granted to Brightsource Energy should enable a 400 Megawatt solar thermal project to proceed The 400 MW solar project would generate electricity equal to about 100 MW of nuclear power (nuclear power has higher operating capacity, solar cannot generate at night or under clouds)



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