If
finalised,
the
loan
guarantees
would
assure
the
projects’
lenders
of
debt
repayment.
They
unlock
access
to
sources
of
capital
on
terms
more
favourable
than
renewable
energy
developers
can
typically
obtain
otherwise.
Abengoa
is
sponsoring
the
Mojave
Solar
Project,
planned
for
private
land
in
San
Bernardino
County,
and
is
in
line
for
a
$1.2bn
DOE
guarantee.
It
is
the
second
major
loan
guarantee
for
Abengoa,
which
has
reached
closure
on
a
$1.45bn
deal
for
the
250MW
Solana
CSP
project
under
construction
in
Maricopa
County,
Arizona.
NextEra
is
behind…
