Desert Sunlight Project

The Desert Sunlight Project is a 550 MW solar power plant under construction, that will use approximately 8.8 million cadmium telluride thin-film solar photovoltaic modules made by First Solar. Project construction will take place in two phases, both of which are supported by power purchase agreements. Phase I will have a capacity of 300 MW, which will be sold to Pacific Gas & Electric Company, while Phase II will have a capacity of 250 MW, which will be sold to Southern California Edison. The project is expected to involve more than 550 construction jobs in Riverside County, California.[1]

The $1.46 billion in loans for the project are partially guaranteed by DOE and will be funded by a group of investors led by Goldman Sachs Lending Partners, which submitted the project under the Financial Institution Partnership Program (FIPP), and Citigroup Global Markets Inc. as co-lead arranger.[1]

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