Abengoa Solar, Inc. the US subsidiary of Abengoa SA, a Spanish conglomerate, was awarded a $1.4 million Recovery Act loan guarantee through the Department of Energy to construct a parabolic trough concentrating a solar thermal power plant known as Solana. If Solana were operating today, it would be the largest solar power plant in the world, providing more solar electricity per customer than any utility in the United States. The project will have total capacity of 280 MW gross/250 MW net and will be located on an approximately 3,000 acre site near Gila Bend, Arizona, about 70 miles west of Phoenix. Solana is anticipated to provide electricity to power 70,000 homes while avoiding over 475,000 tons of greenhouse gases annually that would otherwise contribute to global warming and climate change. The project will be funded by the proposed DOE loan guarantee of $1,446 million and equity of $530 million.The construction of Solana will create about 1,600 construction jobs, and the plant will employ 61 skilled full-time workers once completed. Abengoa estimates that Solana will bring about $1 billion of investment to the state of Arizona, particularly the Gila Bend area.