Feds Coughing Up $4.5B for Calif. Solar Projects Three projects to generate 1,330 megawatts of power By Mark Russell, Newser Staff Posted Jun 30, 2011 3:52 AM CDT 11 comments Comments California is getting three more major solar energy projects, with $4.5 billion in loan guarantees from the Department of Energy. (AP Photo/Rich Pedroncelli) (Newser) – Hollywood may be home to the stars, but California is going solar—with $4.5 billion in loan guarantees from the Department of Energy going to three solar energy projects, reports the AP. The three projects, to be announced today, will create 1,330 metawatts of power and generate 1,400 jobs. California has been a leader in solar energy, and earlier this month started construction on a $4 billion solar plant, the largest in the world, 225 miles east of Los Angeles. The Department of Energy has provided more than $38 billion in loan support to 40 clean energy programs across the United States.