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Solar Project Gets Loan Guarantee

(Washington, DC)  —  The Energy Department has guaranteed a $737-million loan for Nevada’s largest solar project.  The Crescent Dunes plant near Tonopah in central Nevada will provide 600 jobs.  Power from the 110-megawatt plant has been committed to NV Energy in a 25-year deal.  The plant’s general contractor has agreed to pay damages if the facility is late or doesn’t perform well.  Crescent Dunes will take about 30-months to complete.

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