DOE Issues $1.8B Loan Guarantee To Arizona Utility For Renewable Energy

The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) on Tuesday has announced a conditional commitment for a loan guarantee of up to $1.81 billion to Arizona Public Service Company (APS) to help the electric utility invest in clean energy infrastructure. A key project that will be supported by the proposed loan will be the construction of the 150-MW/600-MWh Agave Battery Energy Storage (BESS) project sited next to a solar park.  The Loan Programs Office at the Department of Energy (DoE) has gone into overdrive in a bid to…