First Solar gets needed permit change for 230MW PV project

First Solar has received needed changes to a construction permit for the 230MW PV project it is building north of Los Angeles for Exelon, apparently clearing the way for initial funding of a $646m loan from the federal government.

Delays in the permit change had held up funding of the Department of Energy-backed loan for the Antelope Valley Solar Ranch (AVSR) 1, which could have forced First Solar to repurchase the project from energy giant Exelon.

With a new deadline to resolve the issue of 24 February looming, First Solar announced today that the changes were approved and that Exelon and First Solar agreed to extend the deadline for funding to 6 April "to allow sufficient time for the initial funding to occur", the company says in Log in to read complete article.

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