Grijalva Hails $967 Million Federal Loan Guarantee for Yuma-Area Solar Project Expected to Create 400 Jobs, Power 100,000 Homes

Washington, D.C. – January 20, 2011 – (RealEstateRama) — The Department of Energy (DOE) today announced the offer of a loan guarantee worth up to $967 million to Agua Caliente Solar to support the construction of a major new solar power plant in Yuma County. The plant will employ approximately 400 people during construction, expand the county tax and employment base when completed, and provide energy to approximately 100,000 homes through a contract with Pacific Gas & Electric Company