The Department of Energy has announced a $1.4 billion partial loan guarantee to support an initiative, Project Amp, that seeks to install of solar panels on industrial buildings across the country. The project plans to use the 733 megawatts(MW) of electricity generated from the panels to feed directly into the electric grid rather than powering the buildings where they are installed. The solar panels will go on 750 existing rooftops owned and managed by Prologis, and is expected to produce up to 1 million MW hours annually. NRG Energy is the lead investor in Phase 1 of the project that involves a 15.4 MW installation in Southern California, and the power from Phase 1 will be sold to Southern California Edison. Additional installations will be built in up to 28 states and the District of Columbia.
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