From the Mercury News: Oakland Solar Firm Scores Huge Federal Loan

"Oakland solar firm secures $1.4 billion loan"
BrightSource Energy Inc. on Monday landed preliminary approval for a $1.37 billion loan guarantee from the federal government to help finance construction of a big solar energy complex in the Mojave Desert.
"This is a major milestone in getting this project built," said Keely Wachs, a spokesman for BrightSource Energy.
Oakland-based BrightSource has been seeking state and federal approval for the solar project that would rise in the desert in the Ivanpah Valley.
Read more: