The company aims to begin construction on the Crescent Dunes Solar Energy Project in Tonopah, Nevada, this summer. The work is expected to take two and a half years.
California-based SolarReserve has a long-term power purchase agreement for the output of the solar power tower project with NV Energy.
A Department of Energy (DOE) loan guarantee can help developers obtain financing at rates that would not be available otherwise.
The
