The company is in line for government backing of $2.1bn in loans to build the first half of its planned 1GW Blythe Solar Power Project in California.

Energy Secretary Steven Chu announced the conditional offer, which is the largest yet for a renewable energy project, surpassing even the $1.6bn for BrightSource Energy’s Ivanpah project, also in California, which closed its financing last week.

Chu,