ANTELOPE VALLEY SOLAR RANCH

Loan Programs Office

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PROJECT SUMMARY

In September 2011, the Department of Energy issued a $646 million loan guarantee to finance Antelope Valley Solar Ranch 1, a 242-MW photovoltaic (PV) solar generation project. Exelon owns the plant, which reached full commercial operations in April 2014.

TECHNOLOGY INNOVATION

Antelope Valley Solar Ranch features utility-scale deployment of the innovative fault ride through inverters with dynamic voltage regulation. The inverters enable the project to provide more stable and continuous power, increasing the reliability of utility-scale solar power plants. The project also features First Solar’s thin-film cadmium-telluride solar modules. The majority of the modules will be mounted on fixed racks, and approximately 20% of the project will be mounted on single-axis tracking racks.

ECONOMIC IMPACT

Antelope Valley Solar Ranch created 350 constructions jobs and is expected to support 20 permanent jobs. The project used more than 30,000 metric tons of American steel, installed 3.7 million solar modules, and used U.S. suppliers from across 38 states.

CLIMATE BENEFIT

Antelope Valley Solar Ranch is expected to generate 482,000 megawatt-hours of clean energy per year while preventing more than 279,000 metric tons of carbon dioxide emissions annually.

 

PROJECT STATISTICS: ANTELOPE VALLEY SOLAR RANCH

PROJECT SUMMARY Owner Exelon
Location

Lancaster, California

FINANCIAL SUMMARY

Loan Program Title XVII
Loan Type Loan Guarantee
Loan Amount 1 $646 Million
Issuance Date September 2011
ENERGY SUMMARY Operation Status Operating
Generation Capacity 242 MW
Projected Annual Generation 2 482,000 MWh

ECONOMIC IMPACT

Permanent U.S. Jobs Supported 20
U.S. Construction Jobs Supported 350
CLIMATE BENEFIT CO2 Emissions Prevented Annually 279,000 Metric Tons
NOTES

All information up-to-date as of June 2017.

1 Approximate amount of the loan facility approved at closing including principal and any capitalized interest.

2 Calculated using the project's and NREL Technology specific capacity factors. For cases in which NREL's capacity factors do not encompass project's specific design and operation, project specific capacity factors are used.

3  Estimated at the time of closing.

PROJECT PHOTOS