Loan Guarantee Program
In September 2011, The Department of Energy awarded a $1.2 billion loan guarantee to support the construction of California Valley Solar Ranch (CVSR), a 250 MWac photovoltaic (PV) solar generating facility that greatly reduces greenhouse gas emissions.
This facility will be the first utility-scale PV project in the U.S. to utilize T-0 single axis trackers in combination with the wireless tracker monitoring and control system (TMAC). The trackers and TMAC will improve annual output by approximately 25%, compared to traditional fixed installations.
The project produced 350 construction jobs and will maintain 15 permanent jobs during operation. Project Phases 1, 2, and 4 are complete, bringing 140MWac online in December 2012. With Phase 3 operating by December 2013, the project is expected to deliver its full capacity of 250MWac.
The 250 MWac PV solar generating facility will produce an average of 482,000 MWh per year, enough to power approximately 42,700 homes (roughly the number of households in Eugene, OR). CVSR will also avoid 279,000 metric tons of carbon dioxide annually, equivalent to the emissions of over 60,000 vehicles. Furthermore, the CVSR project will generate $10 million in total tax revenues and inject $315 million into the local San Luis Obispo economy throughout construction and operations.