FIRST LARGE-SCALE SOLAR PROJECT ON PUBLIC LANDS

FROM:  U.S. DEPARTMENT OF INTERIOR
Salazar ‘Flips the Switch’ on First Large-Scale Solar Energy Project on Public Lands to Provide Power to the Grid
Nevada’s Silver State North Marks Milestone in Renewable Energy
PRIMM, Nevada – As part of President Obama’s all-of-the-above approach to energy, today Secretary of the Interior Ken Salazar “flipped the switch” on the Enbridge Silver State North solar project, the first large-scale solar energy facility on U.S. public lands to deliver power to American consumers.

This milestone is in line with the administration’s broad commitment to expanding production of all sources of American made energy, including from renewable sources, such as wind and solar, which has doubled in the President’s first term, as well as domestic production of oil and gas resources, which have increased each year the President has been in office.

“This is a landmark day for solar energy and for the nation,” Salazar said at the dedication ceremony with state and company officials. “Silver State North was the first solar project we approved on public lands in Nevada and --18 months later -- the first of our priority projects to provide clean energy to the power grid. This is a model of industry and government working together to strengthen local economies, generating good jobs and affordable, reliable and sustainable power.”

The Interior Department has undertaken an unprecedented approach to permitting renewable energy on public lands. Prior to 2009, there were no solar energy projects permitted on public lands. Under Secretary Salazar and Bureau of Land Management Director Bob Abbey’s leadership, Interior has authorized 29 large-scale renewable energy projects on or involving public lands, including 16 solar facilities, 5 wind farms, and 8 geothermal plants. When completed, these projects will provide more than 6,500 megawatts of power to communities across the West, enough to power more than 2 million homes.

“Public lands provide Americans with vital mineral and agricultural resources, as well as recreational opportunities that help power local economies and generate jobs around the nation,” said Bob Abbey, Director of the Bureau of Land Management. “Today in Clark County, Nevada, we are adding solar energy to that public lands’ portfolio of benefits. This project symbolizes a new partnership between government and industry that can responsibly tap the immense renewable energy resources of this great state, provide clean, reliable power to homes and businesses, and open a new chapter in the beneficial use of our nation’s public lands.”

Located 40 miles south of Las Vegas, Nevada, Silver State North is a 50-megawatt plant that will use photovoltaic technology to generate enough power for about 9,000 Nevada homes. Developed by First Solar and owned by Enbridge, the project employed more than 380 construction workers during peak construction and 650 individuals over the course of the project. NV Energy has a power purchase agreement to sell the solar project’s electricity to the Nevada market.

By harnessing the area’s vast solar resources, the Silver State North facility generates electricity with no air emissions, no waste production, and no water use. The plant, using technology with the smallest carbon footprint of any PV solar system, displaces about 42,000 metric tons of carbon dioxide annually – the equivalent of taking 8,000 cars off the road. The project site is strategically located near a major transmission hub.
Constructed on 618 acres of public land managed by Interior’s Bureau of Land Management, the solar project underwent full environmental analysis and public review. The BLM worked closely with federal, state and local partners, members of the environmental and conservation community, and interested stakeholders to protect wildlife and advance this environmentally sound project. First Solar and the BLM worked in concert with the U.S. Fish and Wildlife Service to develop a relocation/translocation plan for desert tortoises found on the site. The BLM also required a natural color palette for painted structures and controlled night lighting, designed to reduce visual impacts on the local community.

The Bureau of Land Management oversees more than 2.5 million acres in Clark County, Nevada, including over 1.1 million acres managed for conservation. This includes over 709,000 acres of habitat the BLM has designated primarily for the conservation of the threatened desert tortoise.

EXPORT-IMPORT BANK GIVES OK FOR $80 MILLION SOLAR POWER PROJECT LOAN FOR SOLAR PROJECT IN INDIA

FROM:  U.S.  EXPORT-IMPORT BANK
Ex-Im Bank Approves $80 Million in Export Financing for Solar Project in India
Ex-Im Bank Financing Supports U.S. Jobs in Eight States
WASHINGTON, D.C. --- Supporting U.S. jobs at companies in eight states, the board of directors of the Export-Import Bank of the United States (Ex-Im Bank) approved an $80.32 million direct loan for the purchase of concentrated solar power technology by Reliance Power, Ltd. in Rajasthan, India. The project, “Rajasthan Sun Technique Energy Private Limited,” is a subsidiary of Reliance Power and is being co-financed by the Asian Development Bank and FMO, the Dutch development bank.

While accompanying President Obama on his trip to India in November, 2010, Ex-Im Bank Chairman and President Fred P. Hochberg signed a $5 billion Memorandum of Understanding (MOU) with Anil Ambani, Chairman of Reliance Power. The MOU proposed the purchase of 900 megawatts of renewable energy generating equipment, in addition to the purchase of 8,000MWs of gas-fired technology from U.S. manufacturers and service providers over a period of five years. Since then, Ex-Im Bank has financed $760 million in three Reliance Power renewable energy transactions supporting 165 megawatts of solar and 2400MWs of gas.

U.S. companies potentially involved in the transaction include AREVA Solar Inc. (Mountain View, Calif.); E.I. DuPont de Nemours and Co. (Wilmington, Del.); Clifford Chance Rogers Wells LLP (Washington, D.C.); 3M Company (St. Paul, Minn.); Sika Corp. (Lyndhurst, N.J.); CCI Corp. (Tulsa, Okla.); Certainteed Corp. (Valley Forge, Pa.); Huck International Inc. (Waco, Texas); and Weed Instrument Company Inc. (Round Rock, Texas).

"This transaction will give renewable energy U.S. exporters a larger footprint in India, and it will help them be competitive against the German and Chinese companies in this field," said Hochberg. “We are excited to be at the forefront of financing this innovative technology and meeting the demands in India for cutting-edge, American-made solar equipment.”

"The Ex-Im Bank loan is an important component in helping U.S. companies like AREVA Solar, and our subcontractors, compete for and execute solar energy projects in a competitive global market while creating American jobs and economic growth." said Bill Gallo, Chief Executive Officer, AREVA Solar.

“Reliance Power is proud to be a leader in India’s clean energy future. This is the second loan approval by Ex-Im in our renewable energy initiative,” stated Jayarama P. Chalasani, Chief Executive Officer of Reliance Power. “Our strategic tie-up with Ex-Im is unmatched in terms of its scope and size. This partnership plays an important role in meeting India's growing energy needs.” Chalasani discussed export potential for U.S. companies at the breakout session, “Exploring Opportunities in India,” today at the Ex-Im Bank 2012 Annual Conference.

The purchase will showcase a concentrated solar power technology known as compact linear Fresnel reflector (CLFR) from AREVA Solar Inc. CLFR technology boils water using a series of rotating flat mirrors to concentrate sunlight onto a central elevated system of tubes that contain water. The solar system produces superheated steam that is collected in a piping system and transported to a steam turbine to produce electricity. This project along with the Kogan Creek Solar Boost Project in Australia (44 MW under construction) are the first to use technology of this kind from AREVA Solar on a large commercial scale.  

Since fiscal year 2011, Ex-Im Bank has financed seven Indian solar power generating projects. With today’s transaction the Bank’s total authorizations for these projects is $256.7 million, supporting 205 megawatts, which would generate enough electricity to power about 250,000 homes in India. Ex-Im Bank is one of the largest financiers of renewable energy projects in India.

The demand for solar power in India is in part due to India's national solar initiative, the Jawaharlal Nehru National Solar Mission. The initiative’s objective is to bring 20,000 megawatts of installed solar capacity into the nationwide grid by 2020. Seven percent of the energy installed capacity will be renewable energy in the country. Ex-Im Bank's support was needed due to a general lack of available long-term financing at commercially feasible terms for solar projects in India.

ABOUT EX-IM BANK
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years, Ex-Im Bank has earned for U.S. taxpayers nearly $1.9 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.

Ex-Im Bank approved $32.7 billion in total authorizations in FY 2011 -- an all-time Ex-Im record. This total includes more than $6 billion directly supporting small-business export sales -- also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $41 billion in U.S. export sales and approximately 290,000 American jobs in communities across the country.