The project, which cost a total of $1.8 billion to construct, received a million-dollar loan from the Loan Programs Office. Under its “SunShot” initiative (so-named in the spirit of president John F. Kennedy’s “moon shot” program), the DoE provides guaranteed loans to unproved ventures in solar power in the hopes of promoting innovation and making the technology more cost-effective.* Although Agua Caliente (owned by U.S. energy giant NRG Energy and partner MidAmerican Solar) is now the largest photovoltaic solar facility in the world, it probably will not hold that distinction for long. Other massive solar panel facilities, such as Antelope Valley Solar Ranch One in California’s Mojave Desert, are rapidly springing up across the Southwest.