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,
