Exelon Corp. and First Solar's Antelope Valley Solar Ranch One project has received the first advance of a $646 million loan guaranteed by the U.S. Department of Energy's Loan Programs Office, finalizing Exelon's ownership of the project.
First Solar is constructing the 230 MW photovoltaic power project in northern Los Angeles County and will operate and maintain the project for Exelon.
As Exelon and First Solar previously announced, the first portion of the project is expected to come online in late 2012, with full operation planned for late 2013.
